Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
New Zealand Dollar/South African Rand (FOREX:NZDZAR)
Strong Downtrend (-100) - NZDZAR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NZDZAR continues to fall. Traders should use caution 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.
|
|||||||||||||||
|
|||||||||||||||
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 Jun 17th, 2024 at 11.186615
The short-term trend has been DOWN since Jul 16th, 2024 at 10.950850
Smart Scan Analysis for NZDZAR
Based on our trend formula, NZDZAR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10.786850 | 10.796853 | 10.738500 | 10.761646 | -0.025204 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10.786850 | 2024-07-26 17:00:05 |