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Forex Trend Analysis Report

Prepared for you on Friday, April 12, 2024.

South African Rand/Nigerian Naira (FOREX:ZARNGN)

Crossroads (-60) - ZARNGN is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_ZARNGN
Open High Low ZARNGN Price Change
66.243731 67.212370 66.134031 66.516702 +0.272971
Entry Signal

MarketClub’s Trade Triangles for ZARNGN

long term up The long-term trend has been UP since Oct 23rd, 2023 at 46.192040

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2024 at 78.223910

short term down The short-term trend has been DOWN since Apr 5th, 2024 at 66.917957

Smart Scan Analysis for ZARNGN

Based on our trend formula, ZARNGN is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for ZARNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
66.243731 67.212370 66.134031 66.516702 +0.272971
Prev. Close Volume Bid Ask Time
66.243731 2024-04-12 06:31:54
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