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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for ZARKRW
The long-term trend has been UP since Oct 7th, 2024 at 77.68248
The intermediate-term trend has been DOWN since Nov 13th, 2024 at 77.34691
The short-term trend has been UP since Nov 18th, 2024 at 77.32772
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 76.99389 | 77.13178 | 76.86191 | 76.86191 | -0.13198 |
| Prev. Close | Volume | Bid | Ask | Time |
| 76.99389 | 2024-11-20 03:23:25 |