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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
South African Rand/Nigerian Naira (FOREX:ZARNGN)
Countertrend Up (+85) - ZARNGN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 Oct 23rd, 2023 at 46.19204
The intermediate-term trend has been UP since Jun 18th, 2024 at 82.28691
The short-term trend has been DOWN since Jul 23rd, 2024 at 86.74202
Smart Scan Analysis for ZARNGN
Based on our trend formula, ZARNGN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 84.95477 | 87.56651 | 84.94435 | 87.29142 | +2.33665 |
| Prev. Close | Volume | Bid | Ask | Time |
| 84.95477 | 2024-07-26 16:59:56 |