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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 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.

FOREX_NZDZAR
Open High Low NZDZAR Price Change
11.363800 11.439350 11.312931 11.388367 +0.024567
Entry Signal

MarketClub’s Trade Triangles for NZDZAR

long term up The long-term trend has been UP since Jun 5th, 2024 at 11.719236

intermediate term up The intermediate-term trend has been UP since May 26th, 2024 at 11.292473

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 11.491850

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).

+55
Smart Scan Analysis for NZDZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.363800 11.439350 11.312931 11.388367 +0.024567
Prev. Close Volume Bid Ask Time
11.363800 2024-06-13 15:10:50
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