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.
MarketClub’s Trade Triangles for ZARKRW
The long-term trend has been DOWN since Feb 28th, 2020 at 77.084680
The intermediate-term trend has been UP since May 12th, 2020 at 66.966496
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).