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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
New Zealand Dollar/South African Rand (FOREX:NZDZAR)
Sidelines Mode (+55) - NZDZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for NZDZAR
The long-term trend has been DOWN since Jun 21st, 2024 at 10.971864
The intermediate-term trend has been UP since Nov 12th, 2024 at 10.729299
The short-term trend has been DOWN since Nov 17th, 2024 at 10.637416
Smart Scan Analysis for NZDZAR
Based on our trend formula, NZDZAR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10.66730 | 10.68210 | 10.64155 | 10.66805 | +0.00075 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10.66730 | 2024-11-20 03:35:04 |