Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

New Zealand Dollar/South African Rand (FOREX:NZDZAR)

Crossroads (+60) - NZDZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid NZDZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for NZDZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	NZDZAR Price	Change
11.344765	11.358300	11.336103	11.338900	-0.005865
Entry Signal

MarketClub’s Trade Triangles for NZDZAR

The long-term trend has been DOWN since Mar 31st, 2024 at 11.273351

The intermediate-term trend has been UP since Apr 22nd, 2024 at 11.370700

The short-term trend has been UP since Apr 18th, 2024 at 11.293851

Smart Scan Analysis for NZDZAR

Based on our trend formula, NZDZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
11.344765	11.358300	11.336103	11.338900	-0.005865
Prev. Close	Volume	Bid	Ask	Time
11.344765				2024-04-24 02:46:18

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