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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
South African Rand/Namibian Dollar (FOREX:ZARNAD)
Sidelines Mode (+50) - ZARNAD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ZARNAD can gain momentum.
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 Jul 2nd, 2024 at 0.9929721
The intermediate-term trend has been UP since Nov 18th, 2024 at 0.9997904
The short-term trend has been UP since Nov 18th, 2024 at 1.0000000
Smart Scan Analysis for ZARNAD
Based on our trend formula, ZARNAD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.004158 | 1.004158 | 1.004158 | 1.004158 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.004158 | 2024-11-18 21:06:10 |