Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
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.
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MarketClub’s Trade Triangles for ZARNGN
The long-term trend has been DOWN since Feb 21st, 2020 at 23.946409
The intermediate-term trend has been UP since May 20th, 2020 at 21.610477
The short-term trend has been UP since May 28th, 2020 at 22.529826
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 22.077532 | 22.116969 | 22.068852 | 22.116969 | +0.039437 |
| Prev. Close | Volume | Bid | Ask | Time |
| 22.077532 | 22.060163 | 22.173774 | 2020-05-31 15:33:22 |