![MarketClub Tools For The Trader](https://assets.ino.com/img/sites/trend-web/images/mc-logo-trend.png)
Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Nigerian Naira/South African Rand (FOREX:NGNZAR)
Bear Market Rally (-75) - NGNZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NGNZAR as it may be in the beginning of a reversal.
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 DOWN since Oct 23rd, 2023 at 0.02169296
The intermediate-term trend has been DOWN since Jun 18th, 2024 at 0.01215329
The short-term trend has been UP since Jul 19th, 2024 at 0.01135038
Smart Scan Analysis for NGNZAR
Based on our trend formula, NGNZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
![Smart Scan Analysis for NGNZAR](/img/sites/trend-web/images/trend-slider.png)
Open | High | Low | Price | Change |
---|---|---|---|---|
0.01176941 | 0.01177242 | 0.01141939 | 0.01144267 | -0.00032700 |
Prev. Close | Volume | Bid | Ask | Time |
0.01176941 | 2024-07-26 17:00:06 |