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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2024.

Nigerian Naira/South African Rand (FOREX:NGNZAR)

Strong Uptrend (+100) - NGNZAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, NGNZAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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.

FOREX_NGNZAR
Open High Low NGNZAR Price Change
0.01122052 0.01142394 0.01117595 0.01141467 +0.00019400
Entry Signal

MarketClub’s Trade Triangles for NGNZAR

long term up The long-term trend has been UP since Dec 6th, 2024 at 0.01134226

intermediate term up The intermediate-term trend has been UP since Nov 12th, 2024 at 0.01087482

short term up The short-term trend has been UP since Dec 3rd, 2024 at 0.01093663

Smart Scan Analysis for NGNZAR

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

+100
Smart Scan Analysis for NGNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01122052 0.01142394 0.01117595 0.01141467 +0.00019400
Prev. Close Volume Bid Ask Time
0.01122052 2024-12-06 15:41:52
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