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Forex Trend Analysis Report

Prepared for you on Monday, December 11, 2023.

South African Rand/Swedish Krona (FOREX:ZARSEK)

Strong Downtrend (-100) - ZARSEK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARSEK continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid ZARSEK?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARSEK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARSEK
Open High Low ZARSEK Price Change
0.55136138 0.55315441 0.54654459 0.54951072 -0.00185100
Entry Signal

MarketClub’s Trade Triangles for ZARSEK

long term down The long-term trend has been DOWN since Nov 21st, 2023 at 0.55596887

intermediate term down The intermediate-term trend has been DOWN since Nov 16th, 2023 at 0.57597000

short term down The short-term trend has been DOWN since Dec 5th, 2023 at 0.55365680

Smart Scan Analysis for ZARSEK

Based on our trend formula, ZARSEK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for ZARSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.55136138 0.55315441 0.54654459 0.54951072 -0.00185100
Prev. Close Volume Bid Ask Time
0.55136138 2023-12-11 14:23:14
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