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Forex Trend Analysis Report

Prepared for you on Thursday, April 18, 2024.

South Korean Won/South African Rand (FOREX:KRWZAR)

Weak Downtrend (-65) - KRWZAR is showing signs of a strengthening downtrend. Monitor KRWZAR as it may be building momentum to the downside.

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.

FOREX_KRWZAR
Open High Low KRWZAR Price Change
0.01382698 0.01391837 0.01378495 0.01385731 +0.00003000
Entry Signal

MarketClub’s Trade Triangles for KRWZAR

long term down The long-term trend has been DOWN since Aug 23rd, 2023 at 0.01363236

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2024 at 0.01406880

short term up The short-term trend has been UP since Apr 16th, 2024 at 0.01373997

Smart Scan Analysis for KRWZAR

Based on our trend formula, KRWZAR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for KRWZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01382698 0.01391837 0.01378495 0.01385731 +0.00003000
Prev. Close Volume Bid Ask Time
0.01382698 2024-04-18 20:16:11
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