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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.

FOREX_ZARKRW
Open High Low ZARKRW Price Change
70.34591 70.46964 68.60202 69.78315 -0.56276
Entry Signal

MarketClub’s Trade Triangles for ZARKRW

long term down The long-term trend has been DOWN since Nov 3rd, 2022 at 77.10764

intermediate term down The intermediate-term trend has been DOWN since Oct 4th, 2023 at 69.34378

short term down 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).

-100
Smart Scan Analysis for ZARKRW
Strong Downtrend Sideways 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
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