Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
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.
MarketClub’s Trade Triangles for ZARSEK
The long-term trend has been UP since Feb 15th, 2021 at 0.57442139
The intermediate-term trend has been UP since Feb 2nd, 2021 at 0.56261082
The short-term trend has been DOWN since Feb 25th, 2021 at 0.55449475
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).