Forex Trend Analysis Report
Prepared for you on Saturday, September 18, 2021.
South African Rand/Nigerian Naira (FOREX:ZARNGN)
Weak Uptrend (+65) - ZARNGN is showing signs of weakening momentum to the upside. Monitor ZARNGN as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for ZARNGN
The long-term trend has been UP since Jul 21st, 2020 at 23.673681
The intermediate-term trend has been UP since Aug 31st, 2021 at 28.225079
The short-term trend has been DOWN since Sep 14th, 2021 at 28.899259
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).