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Forex Trend Analysis Report

Prepared for you on Saturday, October 23, 2021.

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
28.095203 28.253543 27.661782 27.722701 -0.372502
Entry Signal

MarketClub’s Trade Triangles for ZARNGN

long term up The long-term trend has been UP since Jul 21st, 2020 at 23.673681

intermediate term up The intermediate-term trend has been UP since Oct 19th, 2021 at 28.251029

short term down The short-term trend has been DOWN since Oct 22nd, 2021 at 27.949693

Smart Scan Analysis for ZARNGN

Based on our trend formula, ZARNGN is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for ZARNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
28.095203 28.253543 27.661782 27.722701 -0.372502
Prev. Close Volume Bid Ask Time
28.095203 2021-10-22 17:00:53
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