Free Daily Analysis

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.

FOREX_ZARNGN
Open High Low ZARNGN Price Change
74.99080 75.04895 74.25090 74.58248 -0.40832
Entry Signal

MarketClub’s Trade Triangles for ZARNGN

long term up The long-term trend has been UP since Oct 23rd, 2023 at 46.19204

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2024 at 78.22391

short term down 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).

-70
Smart Scan Analysis for ZARNGN
Strong Downtrend Sideways 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
Get a free daily analysis and signals for South African Rand/Nigerian Naira (ZARNGN) - Request Your Free Report.