Forex Trend Analysis Report
Prepared for you on Thursday, January 27, 2022.
South African Rand/Namibian Dollar (FOREX:ZARNAD)
Long-Term Downtrend (-90) - ZARNAD is in a strong downtrend that is likely to continue. While ZARNAD is showing intraday strength, it remains in the confines of a bearish trend. 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 Aug 9th, 2021 at 0.9924101
The intermediate-term trend has been DOWN since Jan 24th, 2022 at 1.0002355
The short-term trend has been DOWN since Jan 20th, 2022 at 1.0004409
Smart Scan Analysis for ZARNAD
Based on our trend formula, ZARNAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).