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Forex Trend Analysis Report
Prepared for you on Wednesday, October 4, 2023.
South African Rand/South Korean Won (FOREX:ZARKRW)
Strong Downtrend (-100) - ZARKRW is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARKRW continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for ZARKRW
The long-term trend has been DOWN since Nov 3rd, 2022 at 77.10764
The intermediate-term trend has been DOWN since Oct 4th, 2023 at 69.34378
The short-term trend has been DOWN since Sep 27th, 2023 at 70.73180
Smart Scan Analysis for ZARKRW
Based on our trend formula, ZARKRW is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 70.34591 | 70.46964 | 68.60202 | 69.78315 | -0.56276 |
| Prev. Close | Volume | Bid | Ask | Time |
| 70.34591 | 2023-10-04 22:53:56 |