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.
MarketClub’s Trade Triangles for ZARNZD
The long-term trend has been DOWN since Nov 30th, 2023 at 0.0856605
The intermediate-term trend has been DOWN since Nov 20th, 2023 at 0.0902825
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).