Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
South African Rand/Norwegian Krone (FOREX:ZARNOK)
Crossroads (+60) - ZARNOK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Apr 2nd, 2020 at 0.55848371
The intermediate-term trend has been UP since May 24th, 2020 at 0.56976278
The short-term trend has been UP since May 20th, 2020 at 0.55327324
Smart Scan Analysis for ZARNOK
Based on our trend formula, ZARNOK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).