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.

Open	High	Low	NZDZAR Price	Change
11.269575	11.313665	11.107803	11.196730	-0.072845
Entry Signal

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).

-60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
11.269575	11.313665	11.107803	11.196730	-0.072845
Prev. Close	Volume	Bid	Ask	Time
11.269575				2023-03-30 22:47:23

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