Forex Trend Analysis Report
Prepared for you on Saturday, January 22, 2022.
South African Rand/New Zealand Dollar (FOREX:ZARNZD)
Long-Term Uptrend (+90) - ZARNZD is in a strong uptrend that is likely to continue. While ZARNZD 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 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.
MarketClub’s Trade Triangles for ZARNZD
The long-term trend has been UP since Jan 20th, 2022 at 0.0971815
The intermediate-term trend has been UP since Jan 7th, 2022 at 0.0949505
The short-term trend has been UP since Jan 20th, 2022 at 0.0966325
Smart Scan Analysis for ZARNZD
Based on our trend formula, ZARNZD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).