Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

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.

FOREX_ZARNGN
Open High Low ZARNGN Price Change
25.229543 25.605125 25.125821 25.578641 +0.349098
Entry Signal

MarketClub’s Trade Triangles for ZARNGN

long term down The long-term trend has been DOWN since Mar 7th, 2023 at 24.707547

intermediate term up The intermediate-term trend has been UP since Mar 23rd, 2023 at 25.527575

short term up The short-term trend has been UP since Mar 28th, 2023 at 25.464243

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
Smart Scan Analysis for ZARNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
25.229543 25.605125 25.125821 25.578641 +0.349098
Prev. Close Volume Bid Ask Time
25.229543 2023-03-28 18:27:49
Get a free daily analysis and signals for South African Rand/Nigerian Naira (ZARNGN) - Request Your Free Report.