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Forex Trend Analysis Report

Prepared for you on Friday, January 28, 2022.

South African Rand/Nigerian Naira (FOREX:ZARNGN)

Weak Downtrend (-65) - ZARNGN is showing signs of a strengthening downtrend. Monitor ZARNGN as it may be building momentum to the downside.

Is it time to buy, sell, or avoid ZARNGN?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARNGN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARNGN
Open High Low ZARNGN Price Change
26.900243 26.936177 26.468889 26.571121 -0.329122
Entry Signal

MarketClub’s Trade Triangles for ZARNGN

long term down The long-term trend has been DOWN since Nov 1st, 2021 at 26.733280

intermediate term up The intermediate-term trend has been UP since Dec 20th, 2021 at 26.164261

short term down The short-term trend has been DOWN since Jan 24th, 2022 at 27.011402

Smart Scan Analysis for ZARNGN

Based on our trend formula, ZARNGN is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for ZARNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
26.900243 26.936177 26.468889 26.571121 -0.329122
Prev. Close Volume Bid Ask Time
26.900243 2022-01-28 15:28:29
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