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.
MarketClub’s Trade Triangles for NZDZAR
The long-term trend has been UP since Jan 7th, 2021 at 11.133609
The intermediate-term trend has been UP since Feb 25th, 2021 at 10.918183
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).