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Forex Trend Analysis Report

Prepared for you on Monday, March 27, 2023.

South African Rand/Nepalese Rupee (FOREX:ZARNPR)

Long-Term Downtrend (-90) - ZARNPR is in a strong downtrend that is likely to continue. While ZARNPR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_ZARNPR
Open High Low ZARNPR Price Change
7.1267 7.1267 7.1267 7.1267 0.0000
Entry Signal

MarketClub’s Trade Triangles for ZARNPR

long term down The long-term trend has been DOWN since Mar 3rd, 2023 at 7.263211

intermediate term down The intermediate-term trend has been DOWN since Jan 17th, 2023 at 7.683545

short term down The short-term trend has been DOWN since Jan 9th, 2023 at 7.760459

Smart Scan Analysis for ZARNPR

Based on our trend formula, ZARNPR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZARNPR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.1267 7.1267 7.1267 7.1267 0.0000
Prev. Close Volume Bid Ask Time
7.1267 2023-03-18 03:55:54
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