Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
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.
MarketClub’s Trade Triangles for NZDZAR
The long-term trend has been UP since Feb 27th, 2020 at 9.750508
The intermediate-term trend has been DOWN since May 15th, 2020 at 11.026813
The short-term trend has been DOWN since May 21st, 2020 at 10.968500
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).