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Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
South African Rand/South Korean Won (FOREX:ZARKRW)
Long-Term Uptrend (+90) - ZARKRW is in a strong uptrend that is likely to continue. While ZARKRW 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 ZARKRW?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARKRW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ZARKRW
The long-term trend has been UP since Apr 3rd, 2024 at 72.17999
The intermediate-term trend has been UP since Mar 5th, 2024 at 71.10807
The short-term trend has been UP since Apr 25th, 2024 at 72.37583
Smart Scan Analysis for ZARKRW
Based on our trend formula, ZARKRW is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 73.78362 | 74.50338 | 73.68040 | 74.05355 | +0.26993 |
| Prev. Close | Volume | Bid | Ask | Time |
| 73.78362 | 2024-05-01 23:01:05 |