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Forex Trend Analysis Report

Prepared for you on Sunday, May 31, 2020.

South African Rand/Nigerian Naira (FOREX:ZARNGN)

Bull Market Weakness (+75) - ZARNGN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARNGN as it may be in the beginning stages of a reversal.

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
22.077532 22.116969 22.068852 22.116969 +0.039437
Entry Signal

MarketClub’s Trade Triangles for ZARNGN

long term down The long-term trend has been DOWN since Feb 21st, 2020 at 23.946409

intermediate term up The intermediate-term trend has been UP since May 20th, 2020 at 21.610477

short term up The short-term trend has been UP since May 28th, 2020 at 22.529826

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
22.077532 22.116969 22.068852 22.116969 +0.039437
Prev. Close Volume Bid Ask Time
22.077532 22.060163 22.173774 2020-05-31 15:33:22
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