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Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
South African Rand/Nigerian Naira (FOREX:ZARNGN)
Long-Term Uptrend (+90) - ZARNGN is in a strong uptrend that is likely to continue. While ZARNGN is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since May 2nd, 2025 at 86.91941
Smart Scan Analysis for ZARNGN
Based on our trend formula, ZARNGN is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 88.15563 | 88.66397 | 88.10682 | 88.56831 | +0.41268 |
| Prev. Close | Volume | Bid | Ask | Time |
| 88.15563 | 2025-05-09 07:16:13 |