Forex Trend Analysis Report
Prepared for you on Friday, November 27, 2020.
South African Rand/New Zealand Dollar (FOREX:ZARNZD)
Countertrend Up (+85) - ZARNZD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid ZARNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARNZD
The long-term trend has been UP since Oct 20th, 2020 at 0.0921185
The intermediate-term trend has been UP since Oct 5th, 2020 at 0.0917835
The short-term trend has been UP since Nov 24th, 2020 at 0.0941765
Smart Scan Analysis for ZARNZD
Based on our trend formula, ZARNZD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).