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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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 Oct 23rd, 2023 at 46.19204
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 91.95559
The short-term trend has been UP since Nov 18th, 2024 at 92.54113
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 |
|---|---|---|---|---|
| 92.75803 | 92.90255 | 92.34599 | 92.50085 | -0.25718 |
| Prev. Close | Volume | Bid | Ask | Time |
| 92.75803 | 2024-11-20 03:45:19 |