Forex Trend Analysis Report
Prepared for you on Thursday, February 27, 2020.
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.
MarketClub’s Trade Triangles for ZARNOK
The long-term trend has been UP since Jul 11th, 2019 at 0.61668000
The intermediate-term trend has been DOWN since Jan 3rd, 2020 at 0.61669694
The short-term trend has been DOWN since Feb 26th, 2020 at 0.61341202
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).