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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Norwegian Krone (FOREX:ZARNOK)
Strong Uptrend (+100) - ZARNOK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, ZARNOK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid ZARNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARNOK.
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 ZARNOK
The long-term trend has been UP since Apr 9th, 2024 at 0.58188014
The intermediate-term trend has been UP since Apr 26th, 2024 at 0.58545500
The short-term trend has been UP since May 8th, 2024 at 0.59063500
Smart Scan Analysis for ZARNOK
Based on our trend formula, ZARNOK is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.58683000 | 0.59031542 | 0.58638565 | 0.58999566 | +0.00316600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.58683000 | 2024-05-09 07:17:14 |