Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

South African Rand/Swedish Krona (FOREX:ZARSEK)

Long-Term Uptrend (+90) - ZARSEK is in a strong uptrend that is likely to continue. While ZARSEK 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 ZARSEK?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARSEK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open	High	Low	ZARSEK Price	Change
0.58721976	0.59027719	0.58466545	0.58740916	+0.00018900
Entry Signal

MarketClub’s Trade Triangles for ZARSEK

The long-term trend has been UP since Mar 29th, 2024 at 0.57008157

The intermediate-term trend has been UP since Mar 20th, 2024 at 0.55452595

The short-term trend has been UP since May 7th, 2024 at 0.58746711

Smart Scan Analysis for ZARSEK

Based on our trend formula, ZARSEK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.58721976	0.59027719	0.58466545	0.58740916	+0.00018900
Prev. Close	Volume	Bid	Ask	Time
0.58721976				2024-05-09 14:04:39

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