Forex Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
New Zealand Dollar/South African Rand (FOREX:NZDZAR)
Strong Uptrend (+100) - NZDZAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, NZDZAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Nov 30th, 2023 at 11.673634
The intermediate-term trend has been UP since Nov 20th, 2023 at 11.076846
The short-term trend has been UP since Nov 19th, 2023 at 11.024506
Smart Scan Analysis for NZDZAR
Based on our trend formula, NZDZAR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).