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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.

FOREX_ZARNOK
Open High Low ZARNOK Price Change
0.56951489 0.57157964 0.56678177 0.56957500 +0.00006000
Entry Signal

MarketClub’s Trade Triangles for ZARNOK

long term down The long-term trend has been DOWN since Apr 2nd, 2020 at 0.55848371

intermediate term up The intermediate-term trend has been UP since May 24th, 2020 at 0.56976278

short term up 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).

+60
Smart Scan Analysis for ZARNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.56951489 0.57157964 0.56678177 0.56957500 +0.00006000
Prev. Close Volume Bid Ask Time
0.56951489 0.56915000 0.57000000 2020-05-25 14:10:55
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