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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.

FOREX_KRWZAR
Open High Low KRWZAR Price Change
1.4206238 1.4206238 1.4175489 1.4196243 -0.0010000
Entry Signal

MarketClub’s Trade Triangles for KRWZAR

long term up The long-term trend has been UP since Feb 28th, 2020 at 1.2974051

intermediate term down The intermediate-term trend has been DOWN since May 12th, 2020 at 1.4925121

short term up 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).

-55
Smart Scan Analysis for KRWZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4206238 1.4206238 1.4175489 1.4196243 -0.0010000
Prev. Close Volume Bid Ask Time
1.4206238 1.4192329 1.4200158 2020-06-02 02:12:07
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