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.
MarketClub’s Trade Triangles for ZARSEK
The long-term trend has been DOWN since Nov 21st, 2023 at 0.55596887
The intermediate-term trend has been DOWN since Nov 16th, 2023 at 0.57597000
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).