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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Nepalese Rupee (FOREX:ZARNPR)
Long-Term Uptrend (+90) - ZARNPR is in a strong uptrend that is likely to continue. While ZARNPR 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 ZARNPR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARNPR.
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 ZARNPR
The long-term trend has been UP since May 1st, 2024 at 7.187309
The intermediate-term trend has been UP since May 1st, 2024 at 7.187309
The short-term trend has been UP since Apr 26th, 2024 at 7.017760
Smart Scan Analysis for ZARNPR
Based on our trend formula, ZARNPR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.217945 | 7.217945 | 7.192258 | 7.192258 | -0.025687 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.192407 | 2024-05-05 21:01:59 |