Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
South African Rand/Namibian Dollar (FOREX:ZARNAD)
Weak Downtrend (-65) - ZARNAD is showing signs of a strengthening downtrend. Monitor ZARNAD as it may be building momentum to the downside.
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 DOWN since Aug 9th, 2021 at 0.9924101
The intermediate-term trend has been UP since Sep 27th, 2021 at 1.0026721
The short-term trend has been DOWN since Oct 7th, 2021 at 1.0015958
Smart Scan Analysis for ZARNAD
Based on our trend formula, ZARNAD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).