Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
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 Jul 6th, 2022 at 78.05626
The intermediate-term trend has been UP since Aug 1st, 2022 at 79.20765
The short-term trend has been DOWN since Aug 15th, 2022 at 79.95693
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).