Forex Trend Analysis Report
Prepared for you on Thursday, August 5, 2021.
South African Rand/Nepalese Rupee (FOREX:ZARNPR)
Countertrend Up (+85) - ZARNPR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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.
MarketClub’s Trade Triangles for ZARNPR
The long-term trend has been UP since May 20th, 2020 at 6.6492839
The intermediate-term trend has been UP since Aug 4th, 2021 at 8.2729330
The short-term trend has been UP since Aug 3rd, 2021 at 8.1697290
Smart Scan Analysis for ZARNPR
Based on our trend formula, ZARNPR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).