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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.

FOREX_NZDZAR
Open High Low NZDZAR Price Change
10.276452 10.308509 10.215250 10.245250 -0.031202
Entry Signal

MarketClub’s Trade Triangles for NZDZAR

long term down The long-term trend has been DOWN since Apr 1st, 2021 at 10.297554

intermediate term down The intermediate-term trend has been DOWN since Mar 16th, 2021 at 10.642304

short term up 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).

-85
Smart Scan Analysis for NZDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.276452 10.308509 10.215250 10.245250 -0.031202
Prev. Close Volume Bid Ask Time
10.276452 2021-05-07 14:18:33
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