Forex Trend Analysis Report
Prepared for you on Friday, January 21, 2022.
South African Rand/Czech Koruna (FOREX:ZARCZK)
Sidelines Mode (-55) - ZARCZK 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 ZARCZK?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARCZK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARCZK
The long-term trend has been DOWN since Jul 13th, 2021 at 1.4778000
The intermediate-term trend has been DOWN since Oct 29th, 2021 at 1.4472442
The short-term trend has been UP since Jan 19th, 2022 at 1.4004500
Smart Scan Analysis for ZARCZK
Based on our trend formula, ZARCZK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).