Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
South Korean Won/South African Rand (FOREX:KRWZAR)
Sidelines Mode (-55) - KRWZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid KRWZAR?
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 UP since Feb 28th, 2020 at 1.2974051
The intermediate-term trend has been DOWN since May 12th, 2020 at 1.4925121
The short-term trend has been UP since May 29th, 2020 at 1.4221295
Smart Scan Analysis for KRWZAR
Based on our trend formula, KRWZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).