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Forex Trend Analysis Report

Prepared for you on Sunday, February 28, 2021.

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

Long-Term Uptrend (+90) - NZDZAR is in a strong uptrend that is likely to continue. While NZDZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
11.062500 11.082300 10.870450 10.938736 -0.123764
Entry Signal

MarketClub’s Trade Triangles for NZDZAR

long term up The long-term trend has been UP since Jan 7th, 2021 at 11.133609

intermediate term up The intermediate-term trend has been UP since Feb 25th, 2021 at 10.918183

short term up The short-term trend has been UP since Feb 25th, 2021 at 10.911950

Smart Scan Analysis for NZDZAR

Based on our trend formula, NZDZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for NZDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.062500 11.082300 10.870450 10.938736 -0.123764
Prev. Close Volume Bid Ask Time
11.062500 2021-02-26 17:11:51
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