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Forex Trend Analysis Report

Prepared for you on Saturday, February 22, 2025.

Nigerian Naira/South African Rand (FOREX:NGNZAR)

Weak Uptrend (+65) - NGNZAR is showing signs of weakening momentum to the upside. Monitor NGNZAR as it may be in the beginning stages of a reversal.

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.

FOREX_NGNZAR
Open High Low NGNZAR Price Change
0.01224415 0.01224415 0.01224415 0.01224415 0.00000000
Entry Signal

MarketClub’s Trade Triangles for NGNZAR

long term up The long-term trend has been UP since Dec 6th, 2024 at 0.01134226

intermediate term up The intermediate-term trend has been UP since Jan 29th, 2025 at 0.01240284

short term down The short-term trend has been DOWN since Feb 20th, 2025 at 0.01214113

Smart Scan Analysis for NGNZAR

Based on our trend formula, NGNZAR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for NGNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01224415 0.01224415 0.01224415 0.01224415 0.00000000
Prev. Close Volume Bid Ask Time
0.01224415 2025-02-22 01:41:04
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