Forex Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
South African Rand/Danish Krone (FOREX:ZARDKK)
Strong Downtrend (-100) - ZARDKK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Jul 25th, 2021 at 0.42493000
The intermediate-term trend has been DOWN since Oct 28th, 2021 at 0.42452664
The short-term trend has been DOWN since Oct 22nd, 2021 at 0.43540525
Smart Scan Analysis for ZARDKK
Based on our trend formula, ZARDKK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).