Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
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.
MarketClub’s Trade Triangles for ZARNGN
The long-term trend has been UP since Jul 21st, 2020 at 23.673681
The intermediate-term trend has been DOWN since Mar 4th, 2021 at 25.074568
The short-term trend has been DOWN since Mar 3rd, 2021 at 25.151288
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).