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Forex Trend Analysis Report

Prepared for you on Sunday, January 19, 2025.

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
82.77690 83.42049 82.63490 83.08314 +0.30624
Entry Signal

MarketClub’s Trade Triangles for ZARNGN

long term down The long-term trend has been DOWN since Dec 6th, 2024 at 88.16683

intermediate term up The intermediate-term trend has been UP since Jan 16th, 2025 at 84.89469

short term up The short-term trend has been UP since Jan 14th, 2025 at 83.00018

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
82.77690 83.42049 82.63490 83.08314 +0.30624
Prev. Close Volume Bid Ask Time
82.83871 2025-01-17 17:06:48
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