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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

South African Rand/Norwegian Krone (FOREX:ZARNOK)

Weak Downtrend (-65) - ZARNOK is showing signs of a strengthening downtrend. Monitor ZARNOK as it may be building momentum to the downside.

Is it time to buy, sell, or avoid ZARNOK?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARNOK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARNOK
Open High Low ZARNOK Price Change
0.57648000 0.57909831 0.57208485 0.57302671 -0.00345300
Entry Signal

MarketClub’s Trade Triangles for ZARNOK

long term up The long-term trend has been UP since Apr 9th, 2024 at 0.58188014

intermediate term down The intermediate-term trend has been DOWN since Apr 15th, 2024 at 0.56371748

short term down The short-term trend has been DOWN since Apr 19th, 2024 at 0.57182500

Smart Scan Analysis for ZARNOK

Based on our trend formula, ZARNOK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for ZARNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.57648000 0.57909831 0.57208485 0.57302671 -0.00345300
Prev. Close Volume Bid Ask Time
0.57648000 2024-04-22 17:48:14
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