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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.

FOREX_ZARNAD
Open High Low ZARNAD Price Change
0.9985100 1.0012790 0.9974948 0.9974948 -0.0010150
Entry Signal

MarketClub’s Trade Triangles for ZARNAD

long term down The long-term trend has been DOWN since Apr 24th, 2023 at 0.9947926

intermediate term up The intermediate-term trend has been UP since May 28th, 2023 at 1.0010196

short term down 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).

-75
Smart Scan Analysis for ZARNAD
Strong Downtrend Sideways 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
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