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Forex Trend Analysis Report

Prepared for you on Tuesday, August 11, 2020.

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

Long-Term Uptrend (+90) - NZDZAR is in a strong uptrend that is likely to continue. While NZDZAR 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 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.

FOREX_NZDZAR
Open High Low NZDZAR Price Change
11.671709 11.716100 11.614896 11.625569 -0.046140
Entry Signal

MarketClub’s Trade Triangles for NZDZAR

long term up The long-term trend has been UP since Feb 27th, 2020 at 9.750508

intermediate term up The intermediate-term trend has been UP since Jul 31st, 2020 at 11.268679

short term up The short-term trend has been UP since Jul 30th, 2020 at 11.088086

Smart Scan Analysis for NZDZAR

Based on our trend formula, NZDZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for NZDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.671709 11.716100 11.614896 11.625569 -0.046140
Prev. Close Volume Bid Ask Time
11.671709 11.622759 11.628379 2020-08-11 05:10:22
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