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Forex Trend Analysis Report
Prepared for you on Friday, May 30, 2025.
South African Rand/Nigerian Naira (FOREX:ZARNGN)
Sidelines Mode (+55) - ZARNGN 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 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 Apr 21st, 2025 at 85.81365
The intermediate-term trend has been UP since Apr 14th, 2025 at 85.30179
The short-term trend has been DOWN since May 30th, 2025 at 87.96598
Smart Scan Analysis for ZARNGN
Based on our trend formula, ZARNGN is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 89.10027 | 89.20479 | 87.89802 | 88.26860 | -0.83167 |
| Prev. Close | Volume | Bid | Ask | Time |
| 89.10027 | 2025-05-30 17:04:49 |