Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
South African Rand/Danish Krone (FOREX:ZARDKK)
Sidelines Mode (-55) - ZARDKK 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 ZARDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARDKK
The long-term trend has been DOWN since Feb 27th, 2020 at 0.44221500
The intermediate-term trend has been UP since May 21st, 2020 at 0.38069000
The short-term trend has been DOWN since May 28th, 2020 at 0.38602738
Smart Scan Analysis for ZARDKK
Based on our trend formula, ZARDKK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).