Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
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 Dec 8th, 2023 at 1.0072575
The intermediate-term trend has been UP since Nov 28th, 2023 at 1.0008324
The short-term trend has been UP since Dec 6th, 2023 at 1.0021548
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).