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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
New Zealand Dollar/South African Rand (FOREX:NZDZAR)
Sidelines Mode (-55) - NZDZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for NZDZAR
The long-term trend has been DOWN since Jun 21st, 2024 at 10.971864
The intermediate-term trend has been DOWN since Dec 9th, 2024 at 10.473600
The short-term trend has been UP since Dec 23rd, 2024 at 10.408650
Smart Scan Analysis for NZDZAR
Based on our trend formula, NZDZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10.596312 | 10.603750 | 10.472600 | 10.523293 | -0.073019 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10.596312 | 2024-12-26 05:32:03 |