Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
South African Rand/Nepalese Rupee (FOREX:ZARNPR)
Sidelines Mode (+50) - ZARNPR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ZARNPR can gain momentum.
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 Aug 9th, 2021 at 8.100014
The intermediate-term trend has been UP since Oct 14th, 2021 at 8.002356
The short-term trend has been UP since Oct 6th, 2021 at 7.962290
Smart Scan Analysis for ZARNPR
Based on our trend formula, ZARNPR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).