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Forex Trend Analysis Report
Prepared for you on Sunday, May 28, 2023.
South African Rand/Namibian Dollar (FOREX:ZARNAD)
Bear Market Rally (-75) - ZARNAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARNAD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ZARNAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARNAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ZARNAD
The long-term trend has been DOWN since Apr 24th, 2023 at 0.9947926
The intermediate-term trend has been UP since May 28th, 2023 at 1.0010196
The short-term trend has been DOWN since May 28th, 2023 at 0.9994723
Smart Scan Analysis for ZARNAD
Based on our trend formula, ZARNAD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9985100 | 1.0012790 | 0.9974948 | 0.9974948 | -0.0010150 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9985100 | 2023-05-28 21:06:57 |