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Forex Trend Analysis Report

Prepared for you on Wednesday, October 27, 2021.

South African Rand/Norwegian Krone (FOREX:ZARNOK)

Long-Term Downtrend (-90) - ZARNOK is in a strong downtrend that is likely to continue. While ZARNOK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.56366712 0.56427728 0.55108494 0.55939888 -0.00426800
Entry Signal

MarketClub’s Trade Triangles for ZARNOK

long term down The long-term trend has been DOWN since Sep 21st, 2021 at 0.58533314

intermediate term down The intermediate-term trend has been DOWN since Sep 21st, 2021 at 0.58604894

short term down The short-term trend has been DOWN since Oct 21st, 2021 at 0.56910475

Smart Scan Analysis for ZARNOK

Based on our trend formula, ZARNOK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZARNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.56366712 0.56427728 0.55108494 0.55939888 -0.00426800
Prev. Close Volume Bid Ask Time
0.56366712 2021-10-27 21:29:52
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