Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
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 Nov 1st, 2022 at 10.719200
The intermediate-term trend has been DOWN since Mar 30th, 2023 at 11.179471
The short-term trend has been DOWN since Mar 29th, 2023 at 11.251065
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).