Forex Trend Analysis Report

Prepared for you on Friday, March 31, 2023.

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.

Open	High	Low	ZARNOK Price	Change
0.58296500	0.59130298	0.58147032	0.59043000	+0.00746500
Entry Signal

MarketClub’s Trade Triangles for ZARNOK

The long-term trend has been DOWN since Oct 31st, 2022 at 0.56419352

The intermediate-term trend has been DOWN since Mar 26th, 2023 at 0.56169353

The short-term trend has been UP since Mar 29th, 2023 at 0.57733000

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).

-55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.58296500	0.59130298	0.58147032	0.59043000	+0.00746500
Prev. Close	Volume	Bid	Ask	Time
0.58296500				2023-03-31 11:38:32

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