Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
South African Rand/Nepalese Rupee (FOREX:ZARNPR)
Bull Market Weakness (+75) - ZARNPR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARNPR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZARNPR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARNPR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARNPR
The long-term trend has been UP since May 20th, 2020 at 6.6492839
The intermediate-term trend has been UP since Feb 9th, 2021 at 7.8804610
The short-term trend has been UP since Feb 23rd, 2021 at 7.9504150
Smart Scan Analysis for ZARNPR
Based on our trend formula, ZARNPR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).