Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

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.

Open	High	Low	ZARNOK Price	Change
0.57588000	0.57884500	0.57403748	0.57736972	+0.00149000
Entry Signal

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 Apr 15th, 2024 at 0.56371748

The short-term trend has been DOWN since Apr 15th, 2024 at 0.57329483

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

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.57588000	0.57884500	0.57403748	0.57736972	+0.00149000
Prev. Close	Volume	Bid	Ask	Time
0.57588000				2024-04-16 13:46:06

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