Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
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.
MarketClub’s Trade Triangles for KRWZAR
The long-term trend has been DOWN since Jul 15th, 2020 at 1.38008490
The intermediate-term trend has been DOWN since Feb 1st, 2021 at 0.01343468
The short-term trend has been UP since Feb 25th, 2021 at 0.01339310
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).