Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
South African Rand/Namibian Dollar (FOREX:ZARNAD)
Sidelines Mode (+55) - ZARNAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Feb 17th, 2021 at 1.0103694
The intermediate-term trend has been UP since Feb 14th, 2021 at 1.0046334
The short-term trend has been DOWN since Feb 18th, 2021 at 0.9989743
Smart Scan Analysis for ZARNAD
Based on our trend formula, ZARNAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).