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Forex Trend Analysis Report

Prepared for you on Sunday, April 21, 2024.

South African Rand/Namibian Dollar (FOREX:ZARNAD)

Countertrend Down (-85) - ZARNAD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

FOREX_ZARNAD
Open High Low ZARNAD Price Change
1.004468 1.004468 1.004468 1.004468 0.000000
Entry Signal

MarketClub’s Trade Triangles for ZARNAD

long term down The long-term trend has been DOWN since Feb 5th, 2024 at 0.9952074

intermediate term down The intermediate-term trend has been DOWN since Apr 8th, 2024 at 0.9953070

short term up The short-term trend has been UP since Apr 20th, 2024 at 0.9999621

Smart Scan Analysis for ZARNAD

Based on our trend formula, ZARNAD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for ZARNAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.004468 1.004468 1.004468 1.004468 0.000000
Prev. Close Volume Bid Ask Time
1.004468 2024-04-20 05:38:09
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