Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 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 Jan 7th, 2021 at 0.55203312
The intermediate-term trend has been DOWN since Feb 25th, 2021 at 0.56332283
The short-term trend has been DOWN since Feb 25th, 2021 at 0.56974912
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).