Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
South African Rand/Nepalese Rupee (FOREX:ZARNPR)
Sidelines Mode (+55) - ZARNPR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Jul 20th, 2023 at 7.322788
The intermediate-term trend has been UP since Oct 29th, 2023 at 7.023015
The short-term trend has been DOWN since Nov 23rd, 2023 at 7.110068
Smart Scan Analysis for ZARNPR
Based on our trend formula, ZARNPR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).