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Forex Trend Analysis Report

Prepared for you on Tuesday, August 9, 2022.

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
25.172010 25.237572 25.081221 25.160065 -0.011945
Entry Signal

MarketClub’s Trade Triangles for ZARNGN

long term down The long-term trend has been DOWN since May 2nd, 2022 at 25.747479

intermediate term up The intermediate-term trend has been UP since Aug 8th, 2022 at 25.457929

short term up The short-term trend has been UP since Aug 8th, 2022 at 25.201917

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
25.172010 25.237572 25.081221 25.160065 -0.011945
Prev. Close Volume Bid Ask Time
25.172010 2022-08-09 15:10:43
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