Forex Trend Analysis Report
Prepared for you on Monday, May 17, 2021.
South African Rand/Namibian Dollar (FOREX:ZARNAD)
Strong Downtrend (-100) - ZARNAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ZARNAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARNAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARNAD
The long-term trend has been DOWN since Mar 3rd, 2021 at 0.9951974
The intermediate-term trend has been DOWN since Apr 18th, 2021 at 0.9992788
The short-term trend has been DOWN since Apr 6th, 2021 at 1.0049712
Smart Scan Analysis for ZARNAD
Based on our trend formula, ZARNAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).