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Forex Trend Analysis Report
Prepared for you on Saturday, November 27, 2021.
Nigerian Naira/South African Rand (FOREX:NGNZAR)
Strong Uptrend (+100) - NGNZAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, NGNZAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid NGNZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for NGNZAR.
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 NGNZAR
The long-term trend has been UP since Nov 1st, 2021 at 0.03741191
The intermediate-term trend has been UP since Oct 28th, 2021 at 0.03684312
The short-term trend has been UP since Nov 16th, 2021 at 0.03742869
Smart Scan Analysis for NGNZAR
Based on our trend formula, NGNZAR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.03943591 | 0.03994767 | 0.03913870 | 0.03974786 | +0.00031200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.03943591 | 2021-11-26 17:00:35 |