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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Nigerian Naira (FOREX:ZARNGN)
Long-Term Uptrend (+90) - ZARNGN is in a strong uptrend that is likely to continue. While ZARNGN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid ZARNGN?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARNGN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ZARNGN
The long-term trend has been UP since Oct 23rd, 2023 at 46.19204
The intermediate-term trend has been UP since Apr 28th, 2024 at 69.90589
The short-term trend has been UP since May 9th, 2024 at 76.49763
Smart Scan Analysis for ZARNGN
Based on our trend formula, ZARNGN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 75.70664 | 77.87575 | 75.56401 | 76.80557 | +1.09893 |
| Prev. Close | Volume | Bid | Ask | Time |
| 75.70664 | 2024-05-09 10:23:29 |