Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

South African Rand/New Zealand Dollar (FOREX:ZARNZD)

Countertrend Up (+85) - ZARNZD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid ZARNZD?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARNZD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	ZARNZD Price	Change
0.0896415	0.0899225	0.0895995	0.0899055	+0.0002640
Entry Signal

MarketClub’s Trade Triangles for ZARNZD

The long-term trend has been UP since Mar 29th, 2024 at 0.0887020

The intermediate-term trend has been UP since Apr 26th, 2024 at 0.0896265

The short-term trend has been DOWN since May 3rd, 2024 at 0.0897140

Smart Scan Analysis for ZARNZD

Based on our trend formula, ZARNZD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.0896415	0.0899225	0.0895995	0.0899055	+0.0002640
Prev. Close	Volume	Bid	Ask	Time
0.0896415				2024-05-09 03:37:04

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