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.
MarketClub’s Trade Triangles for ZARNOK
The long-term trend has been DOWN since Sep 21st, 2021 at 0.58533314
The intermediate-term trend has been DOWN since Sep 21st, 2021 at 0.58604894
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).