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Forex Trend Analysis Report

Prepared for you on Sunday, May 31, 2020.

South African Rand/South Korean Won (FOREX:ZARKRW)

Sidelines Mode (+55) - ZARKRW 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 ZARKRW?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARKRW.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARKRW
Open High Low ZARKRW Price Change
70.07604 70.47170 69.91825 70.44222 +0.36618
Entry Signal

MarketClub’s Trade Triangles for ZARKRW

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 77.084680

intermediate term up The intermediate-term trend has been UP since May 12th, 2020 at 66.966496

short term down The short-term trend has been DOWN since May 29th, 2020 at 70.317770

Smart Scan Analysis for ZARKRW

Based on our trend formula, ZARKRW is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for ZARKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
70.07604 70.47170 69.91825 70.44222 +0.36618
Prev. Close Volume Bid Ask Time
70.07604 70.38486 70.49957 2020-05-31 23:02:21
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