Free Daily Analysis

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.

FOREX_ZARSEK
Open High Low ZARSEK Price Change
0.58703950 0.58872573 0.57722117 0.57839117 -0.00864800
Entry Signal

MarketClub’s Trade Triangles for ZARSEK

long term down The long-term trend has been DOWN since Jul 26th, 2021 at 0.58111044

intermediate term up The intermediate-term trend has been UP since Oct 19th, 2021 at 0.59302958

short term down 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).

-75
Smart Scan Analysis for ZARSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.58703950 0.58872573 0.57722117 0.57839117 -0.00864800
Prev. Close Volume Bid Ask Time
0.58703950 2021-10-22 17:00:53
Get a free daily analysis and signals for South African Rand/Swedish Krona (ZARSEK) - Request Your Free Report.