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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

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
0.62214000 0.62479500 0.61955343 0.62275644 +0.00061600
Entry Signal

MarketClub’s Trade Triangles for ZARSEK

long term down The long-term trend has been DOWN since Jul 14th, 2022 at 0.60594325

intermediate term up The intermediate-term trend has been UP since Aug 10th, 2022 at 0.62129256

short term down The short-term trend has been DOWN since Aug 18th, 2022 at 0.62162636

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
0.62214000 0.62479500 0.61955343 0.62275644 +0.00061600
Prev. Close Volume Bid Ask Time
0.62214000 2022-08-19 17:20:33
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