Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
South Korean Won/South African Rand (FOREX:KRWZAR)
Long-Term Downtrend (-90) - KRWZAR is in a strong downtrend that is likely to continue. While KRWZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Sep 13th, 2021 at 0.01206323
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.01237884
The short-term trend has been DOWN since Oct 13th, 2021 at 0.01246647
Smart Scan Analysis for KRWZAR
Based on our trend formula, KRWZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).