Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
South African Rand/Namibian Dollar (FOREX:ZARNAD)
Bull Market Weakness (+75) - ZARNAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARNAD as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for ZARNAD
The long-term trend has been UP since May 21st, 2020 at 1.0126350
The intermediate-term trend has been UP since May 14th, 2020 at 1.0009116
The short-term trend has been UP since May 14th, 2020 at 0.9999639
Smart Scan Analysis for ZARNAD
Based on our trend formula, ZARNAD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).