Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
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 Nov 30th, 2023 at 11.673634
The intermediate-term trend has been UP since Nov 20th, 2023 at 11.076846
The short-term trend has been UP since Nov 19th, 2023 at 11.024506
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).