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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.

FOREX_ZARNAD
Open High Low ZARNAD Price Change
0.9999853 0.9999853 0.9999853 0.9999853 0.0000000
Entry Signal

MarketClub’s Trade Triangles for ZARNAD

long term down The long-term trend has been DOWN since Aug 9th, 2021 at 0.9924101

intermediate term down The intermediate-term trend has been DOWN since Jan 24th, 2022 at 1.0002355

short term down 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).

-90
Smart Scan Analysis for ZARNAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9999853 0.9999853 0.9999853 0.9999853 0.0000000
Prev. Close Volume Bid Ask Time
0.9999853 2022-01-27 07:08:19
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