Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
South African Rand/Lao Kip (FOREX:ZARLAK)
Countertrend Up (+85) - ZARLAK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid ZARLAK?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARLAK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARLAK
The long-term trend has been UP since Oct 12th, 2021 at 675.71050
The intermediate-term trend has been UP since Oct 10th, 2021 at 669.52936
The short-term trend has been UP since Oct 4th, 2021 at 662.30614
Smart Scan Analysis for ZARLAK
Based on our trend formula, ZARLAK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).