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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.

FOREX_NZDZAR
Open High Low NZDZAR Price Change
11.583000 11.687250 11.541415 11.674600 +0.091600
Entry Signal

MarketClub’s Trade Triangles for NZDZAR

long term up The long-term trend has been UP since Nov 30th, 2023 at 11.673634

intermediate term up The intermediate-term trend has been UP since Nov 20th, 2023 at 11.076846

short term up 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).

+100
Smart Scan Analysis for NZDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.583000 11.687250 11.541415 11.674600 +0.091600
Prev. Close Volume Bid Ask Time
11.583000 2023-12-05 23:07:15
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