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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.

FOREX_NGNZAR
Open High Low NGNZAR Price Change
0.04892527 0.04913869 0.04846839 0.04856676 -0.00035900
Entry Signal

MarketClub’s Trade Triangles for NGNZAR

long term up The long-term trend has been UP since Feb 21st, 2020 at 0.04175993

intermediate term up The intermediate-term trend has been UP since Jan 13th, 2020 at 0.03985835

short term up 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).

+90
Smart Scan Analysis for NGNZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04892527 0.04913869 0.04846839 0.04856676 -0.00035900
Prev. Close Volume Bid Ask Time
0.04892527 0.04855559 0.04857793 2020-03-30 06:53:54
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