Forex Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
Nigerian Naira/South African Rand (FOREX:NGNZAR)
Long-Term Uptrend (+90) - NGNZAR is in a strong uptrend that is likely to continue. While NGNZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid NGNZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for NGNZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NGNZAR
The long-term trend has been UP since Feb 21st, 2020 at 0.04175993
The intermediate-term trend has been UP since Jan 13th, 2020 at 0.03985835
The short-term trend has been UP since Mar 29th, 2020 at 0.04813515
Smart Scan Analysis for NGNZAR
Based on our trend formula, NGNZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).