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Forex Trend Analysis Report

Prepared for you on Sunday, June 23, 2024.

South African Rand/Nigerian Naira (FOREX:ZARNGN)

Strong Uptrend (+100) - ZARNGN is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZARNGN continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
82.95250 84.71686 82.38891 83.44003 +0.48753
Entry Signal

MarketClub’s Trade Triangles for ZARNGN

long term up The long-term trend has been UP since Oct 23rd, 2023 at 46.19204

intermediate term up The intermediate-term trend has been UP since Jun 18th, 2024 at 82.28691

short term up The short-term trend has been UP since Jun 10th, 2024 at 79.58023

Smart Scan Analysis for ZARNGN

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

+100
Smart Scan Analysis for ZARNGN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
82.95250 84.71686 82.38891 83.44003 +0.48753
Prev. Close Volume Bid Ask Time
82.95250 2024-06-21 17:21:19
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