Forex Trend Analysis Report

Prepared for you on Thursday, March 30, 2023.

South African Rand/New Zealand Dollar (FOREX:ZARNZD)

Sidelines Mode (-55) - ZARNZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

Open	High	Low	ZARNZD Price	Change
0.088736	0.088910	0.088392	0.088882	+0.000146
Entry Signal

MarketClub’s Trade Triangles for ZARNZD

The long-term trend has been DOWN since Nov 1st, 2022 at 0.0932855

The intermediate-term trend has been DOWN since Mar 16th, 2023 at 0.0873095

The short-term trend has been UP since Mar 29th, 2023 at 0.0888305

Smart Scan Analysis for ZARNZD

Based on our trend formula, ZARNZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.088736	0.088910	0.088392	0.088882	+0.000146
Prev. Close	Volume	Bid	Ask	Time
0.088736				2023-03-30 06:58:35

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