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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
South African Rand/Norwegian Krone (FOREX:ZARNOK)
Sidelines Mode (-55) - ZARNOK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for ZARNOK
The long-term trend has been UP since Apr 9th, 2024 at 0.58188014
The intermediate-term trend has been DOWN since Nov 11th, 2024 at 0.61609080
The short-term trend has been UP since Nov 18th, 2024 at 0.61476579
Smart Scan Analysis for ZARNOK
Based on our trend formula, ZARNOK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.60853610 | 0.60932284 | 0.60693641 | 0.60807378 | -0.00046200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.60853610 | 2024-11-20 03:43:59 |