Forex Trend Analysis Report
Prepared for you on Thursday, March 28, 2024.
South African Rand/Nigerian Naira (FOREX:ZARNGN)
Weak Downtrend (-65) - ZARNGN is showing signs of a strengthening downtrend. Monitor ZARNGN as it may be building momentum to the downside.
Is it time to buy, sell, or avoid ZARNGN?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARNGN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ZARNGN
The long-term trend has been UP since Oct 23rd, 2023 at 46.19204
The intermediate-term trend has been DOWN since Mar 13th, 2024 at 78.22391
The short-term trend has been DOWN since Mar 12th, 2024 at 84.47420
Smart Scan Analysis for ZARNGN
Based on our trend formula, ZARNGN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
74.99080 | 75.04895 | 74.25090 | 74.58248 | -0.40832 |
Prev. Close | Volume | Bid | Ask | Time |
74.99080 | 2024-03-28 06:50:08 |