Forex Trend Analysis Report
Prepared for you on Friday, April 3, 2020.
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.
MarketClub’s Trade Triangles for NGNZAR
The long-term trend has been UP since Feb 21st, 2020 at 0.04175993
The intermediate-term trend has been UP since Jan 13th, 2020 at 0.03985835
The short-term trend has been UP since Mar 29th, 2020 at 0.04813515
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).