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Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

South African Rand/Nepalese Rupee (FOREX:ZARNPR)

Long-Term Uptrend (+90) - ZARNPR is in a strong uptrend that is likely to continue. While ZARNPR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid ZARNPR?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARNPR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARNPR
Open High Low ZARNPR Price Change
7.352003 7.352003 7.317421 7.317421 -0.034582
Entry Signal

MarketClub’s Trade Triangles for ZARNPR

long term up The long-term trend has been UP since May 1st, 2024 at 7.187309

intermediate term up The intermediate-term trend has been UP since May 1st, 2024 at 7.187309

short term up The short-term trend has been UP since Apr 26th, 2024 at 7.017760

Smart Scan Analysis for ZARNPR

Based on our trend formula, ZARNPR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for ZARNPR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.352003 7.352003 7.317421 7.317421 -0.034582
Prev. Close Volume Bid Ask Time
7.352003 2024-05-19 21:02:11
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