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Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

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

Weak Downtrend (-65) - NZDZAR is showing signs of a strengthening downtrend. Monitor NZDZAR as it may be building momentum to the downside.

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

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

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

FOREX_NZDZAR
Open High Low NZDZAR Price Change
11.331894 11.345450 11.281773 11.293831 -0.038063
Entry Signal

MarketClub’s Trade Triangles for NZDZAR

long term down The long-term trend has been DOWN since Mar 31st, 2024 at 11.273351

intermediate term down The intermediate-term trend has been DOWN since Mar 11th, 2024 at 11.500699

short term up The short-term trend has been UP since Apr 18th, 2024 at 11.293851

Smart Scan Analysis for NZDZAR

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

-65
Smart Scan Analysis for NZDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.331894 11.345450 11.281773 11.293831 -0.038063
Prev. Close Volume Bid Ask Time
11.331894 2024-04-19 09:04:31
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