Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, May 6, 2024.
South Korean Won/South African Rand (FOREX:KRWZAR)
Countertrend Down (-85) - KRWZAR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid KRWZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for KRWZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for KRWZAR
The long-term trend has been DOWN since Aug 23rd, 2023 at 0.01363236
The intermediate-term trend has been DOWN since Mar 15th, 2024 at 0.01406880
The short-term trend has been UP since May 3rd, 2024 at 0.01359981
Smart Scan Analysis for KRWZAR
Based on our trend formula, KRWZAR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.01363185 | 0.01363668 | 0.01357226 | 0.01359157 | -0.00004000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.01363185 | 2024-05-06 08:19:08 |