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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.

FOREX_ZARNGN
Open High Low ZARNGN Price Change
28.241749 28.357805 27.830154 27.911089 -0.330660
Entry Signal

MarketClub’s Trade Triangles for ZARNGN

long term up The long-term trend has been UP since Jul 21st, 2020 at 23.673681

intermediate term up The intermediate-term trend has been UP since Aug 31st, 2021 at 28.225079

short term down 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).

+65
Smart Scan Analysis for ZARNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
28.241749 28.357805 27.830154 27.911089 -0.330660
Prev. Close Volume Bid Ask Time
28.241749 2021-09-17 17:01:32
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