Forex Trend Analysis Report

Prepared for you on Saturday, May 4, 2024.

South African Rand/Swedish Krona (FOREX:ZARSEK)

Countertrend Up (+85) - ZARSEK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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
0.58515649	0.58706010	0.58205762	0.58377269	-0.00138400
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 DOWN since May 3rd, 2024 at 0.58220036

Smart Scan Analysis for ZARSEK

Based on our trend formula, ZARSEK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.58515649	0.58706010	0.58205762	0.58377269	-0.00138400
Prev. Close	Volume	Bid	Ask	Time
0.58515649				2024-05-03 17:01:33

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