Free Daily Analysis

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.

FOREX_KRWZAR
Open High Low KRWZAR Price Change
0.01235824 0.01246040 0.01234668 0.01240141 +0.00004300
Entry Signal

MarketClub’s Trade Triangles for KRWZAR

long term down The long-term trend has been DOWN since Sep 13th, 2021 at 0.01206323

intermediate term down The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.01237884

short term down 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).

-90
Smart Scan Analysis for KRWZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01235824 0.01246040 0.01234668 0.01240141 +0.00004300
Prev. Close Volume Bid Ask Time
0.01235824 2021-10-18 23:25:36
Get a free daily analysis and signals for South Korean Won/South African Rand (KRWZAR) - Request Your Free Report.