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.
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).