Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
South African Rand/South Korean Won (FOREX:ZARKRW)
Weak Downtrend (-65) - ZARKRW is showing signs of a strengthening downtrend. Monitor ZARKRW as it may be building momentum to the downside.
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 UP since Sep 10th, 2021 at 82.88206
The intermediate-term trend has been DOWN since Oct 25th, 2021 at 78.59351
The short-term trend has been DOWN since Oct 21st, 2021 at 80.25607
Smart Scan Analysis for ZARKRW
Based on our trend formula, ZARKRW is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).