Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
South African Rand/Swedish Krona (FOREX:ZARSEK)
Bear Market Rally (-75) - ZARSEK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARSEK as it may be in the beginning of a reversal.
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 Jul 26th, 2021 at 0.58111044
The intermediate-term trend has been UP since Oct 19th, 2021 at 0.59302958
The short-term trend has been DOWN since Oct 22nd, 2021 at 0.58537538
Smart Scan Analysis for ZARSEK
Based on our trend formula, ZARSEK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).