Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
New Zealand Dollar/South African Rand (FOREX:NZDZAR)
Countertrend Down (-85) - NZDZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
MarketClub’s Trade Triangles for NZDZAR
The long-term trend has been DOWN since Apr 1st, 2021 at 10.297554
The intermediate-term trend has been DOWN since Mar 16th, 2021 at 10.642304
The short-term trend has been UP since Apr 20th, 2021 at 10.261750
Smart Scan Analysis for NZDZAR
Based on our trend formula, NZDZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).