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Forex Trend Analysis Report

Prepared for you on Wednesday, December 8, 2021.

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
10.753400 10.771691 10.662869 10.707250 -0.046150
Entry Signal

MarketClub’s Trade Triangles for NZDZAR

long term up The long-term trend has been UP since Aug 16th, 2021 at 10.429120

intermediate term down The intermediate-term trend has been DOWN since Dec 8th, 2021 at 10.692456

short term down The short-term trend has been DOWN since Nov 30th, 2021 at 10.974039

Smart Scan Analysis for NZDZAR

Based on our trend formula, NZDZAR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for NZDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.753400 10.771691 10.662869 10.707250 -0.046150
Prev. Close Volume Bid Ask Time
10.753400 2021-12-08 17:27:09
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