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Forex Trend Analysis Report

Prepared for you on Saturday, April 13, 2024.

New Zealand Dollar/South African Rand (FOREX:NZDZAR)

Strong Downtrend (-100) - NZDZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NZDZAR continues to fall. Traders should use caution and set stops.

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
11.248887 11.270800 11.158553 11.204650 -0.044237
Entry Signal

MarketClub’s Trade Triangles for NZDZAR

long term down The long-term trend has been DOWN since Mar 31st, 2024 at 11.273351

intermediate term down The intermediate-term trend has been DOWN since Mar 11th, 2024 at 11.500699

short term down The short-term trend has been DOWN since Apr 12th, 2024 at 11.162400

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).

-100
Smart Scan Analysis for NZDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.248887 11.270800 11.158553 11.204650 -0.044237
Prev. Close Volume Bid Ask Time
11.248887 2024-04-12 17:05:23
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