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Forex Trend Analysis Report

Prepared for you on Thursday, March 30, 2023.

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

Crossroads (-60) - NZDZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
11.269575 11.313665 11.107803 11.196730 -0.072845
Entry Signal

MarketClub’s Trade Triangles for NZDZAR

long term up The long-term trend has been UP since Nov 1st, 2022 at 10.719200

intermediate term down The intermediate-term trend has been DOWN since Mar 30th, 2023 at 11.179471

short term down The short-term trend has been DOWN since Mar 29th, 2023 at 11.251065

Smart Scan Analysis for NZDZAR

Based on our trend formula, NZDZAR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for NZDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.269575 11.313665 11.107803 11.196730 -0.072845
Prev. Close Volume Bid Ask Time
11.269575 2023-03-30 22:47:23
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