Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
South African Rand/New Zealand Dollar (FOREX:ZARNZD)
Crossroads (+60) - ZARNZD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Feb 27th, 2020 at 0.102555
The intermediate-term trend has been UP since May 15th, 2020 at 0.090685
The short-term trend has been UP since May 21st, 2020 at 0.091175
Smart Scan Analysis for ZARNZD
Based on our trend formula, ZARNZD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).