Forex Trend Analysis Report
Prepared for you on Tuesday, June 28, 2022.
South African Rand/Papua New Guinea Kina (FOREX:ZARPGK)
Long-Term Downtrend (-90) - ZARPGK is in a strong downtrend that is likely to continue. While ZARPGK 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 ZARPGK?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARPGK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARPGK
The long-term trend has been DOWN since May 2nd, 2022 at 0.22794666
The intermediate-term trend has been DOWN since Jun 14th, 2022 at 0.22845777
The short-term trend has been DOWN since Jun 14th, 2022 at 0.23147160
Smart Scan Analysis for ZARPGK
Based on our trend formula, ZARPGK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).