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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

South African Rand/Swedish Krona (FOREX:ZARSEK)

Sidelines Mode (+55) - ZARSEK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.53845804 0.54155215 0.53615267 0.54052680 +0.00206900
Entry Signal

MarketClub’s Trade Triangles for ZARSEK

long term down The long-term trend has been DOWN since Feb 26th, 2020 at 0.633095

intermediate term up The intermediate-term trend has been UP since May 21st, 2020 at 0.545590

short term down The short-term trend has been DOWN since May 28th, 2020 at 0.545985

Smart Scan Analysis for ZARSEK

Based on our trend formula, ZARSEK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for ZARSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.53845804 0.54155215 0.53615267 0.54052680 +0.00206900
Prev. Close Volume Bid Ask Time
0.53845804 0.54040954 0.54064406 2020-06-02 05:11:50
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