Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

South African Rand/Nigerian Naira (FOREX:ZARNGN)

Crossroads (-60) - ZARNGN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

Open	High	Low	ZARNGN Price	Change
59.807284	60.089008	54.571688	54.720736	-5.086548
Entry Signal

MarketClub’s Trade Triangles for ZARNGN

The long-term trend has been UP since Oct 23rd, 2023 at 46.192040

The intermediate-term trend has been DOWN since Mar 13th, 2024 at 78.223910

The short-term trend has been DOWN since Apr 5th, 2024 at 66.917957

Smart Scan Analysis for ZARNGN

Based on our trend formula, ZARNGN is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
59.807284	60.089008	54.571688	54.720736	-5.086548
Prev. Close	Volume	Bid	Ask	Time
59.807284				2024-04-19 16:10:57

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