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.
MarketClub’s Trade Triangles for ZARNPR
The long-term trend has been DOWN since Mar 3rd, 2023 at 7.263211
The intermediate-term trend has been DOWN since Jan 17th, 2023 at 7.683545
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).