Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
South African Rand/New Zealand Dollar (FOREX:ZARNZD)
Strong Downtrend (-100) - ZARNZD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARNZD continues to fall. Traders should use caution and set stops.
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 DOWN since Nov 1st, 2022 at 0.0932855
The intermediate-term trend has been DOWN since Mar 16th, 2023 at 0.0873095
The short-term trend has been DOWN since Mar 28th, 2023 at 0.0878785
Smart Scan Analysis for ZARNZD
Based on our trend formula, ZARNZD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).