Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
South African Rand/Nepalese Rupee (FOREX:ZARNPR)
Strong Downtrend (-100) - ZARNPR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARNPR continues to fall. 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 May 4th, 2022 at 7.803660
The intermediate-term trend has been DOWN since Jun 14th, 2022 at 7.937323
The short-term trend has been DOWN since Jun 14th, 2022 at 7.984226
Smart Scan Analysis for ZARNPR
Based on our trend formula, ZARNPR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).