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.
MarketClub’s Trade Triangles for NZDZAR
The long-term trend has been UP since Feb 27th, 2020 at 9.750508
The intermediate-term trend has been UP since Jul 31st, 2020 at 11.268679
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).