Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
South Korean Won/South African Rand (FOREX:KRWZAR)
Crossroads (+60) - KRWZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid
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 Dec 4th, 2019 at 1.2240000
The intermediate-term trend has been UP since Jan 10th, 2020 at 1.2405887
The short-term trend has been UP since Feb 17th, 2020 at 1.2640775
Smart Scan Analysis for KRWZAR
Based on our trend formula, KRWZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).