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Forex Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

South African Rand/New Zealand Dollar (FOREX:ZARNZD)

Countertrend Down (-85) - ZARNZD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_ZARNZD
Open High Low ZARNZD Price Change
0.08605337 0.08605337 0.08605337 0.08605337 0.00000000
Entry Signal

MarketClub’s Trade Triangles for ZARNZD

long term down The long-term trend has been DOWN since Nov 30th, 2023 at 0.0856605

intermediate term down The intermediate-term trend has been DOWN since Nov 20th, 2023 at 0.0902825

short term up The short-term trend has been UP since Dec 7th, 2023 at 0.0866510

Smart Scan Analysis for ZARNZD

Based on our trend formula, ZARNZD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for ZARNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08605337 0.08605337 0.08605337 0.08605337 0.00000000
Prev. Close Volume Bid Ask Time
0.08605337 2023-12-09 10:29:46
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