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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.

FOREX_ZARNGN
Open High Low ZARNGN Price Change
24.801611 27.027862 24.759248 24.793680 -0.007931
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 down The intermediate-term trend has been DOWN since Mar 4th, 2021 at 25.074568

short term down 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).

-70
Smart Scan Analysis for ZARNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
24.801611 27.027862 24.759248 24.793680 -0.007931
Prev. Close Volume Bid Ask Time
24.801611 2021-03-05 17:00:57
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