Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
South African Rand/Lao Kip (FOREX:ZARLAK)
Sidelines Mode (+55) - ZARLAK 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 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 Jun 9th, 2023 at 954.1415
The intermediate-term trend has been UP since Oct 24th, 2023 at 1089.5492
The short-term trend has been DOWN since Nov 23rd, 2023 at 1107.3190
Smart Scan Analysis for ZARLAK
Based on our trend formula, ZARLAK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).