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.
MarketClub’s Trade Triangles for ZARSEK
The long-term trend has been DOWN since Feb 26th, 2020 at 0.633095
The intermediate-term trend has been UP since May 21st, 2020 at 0.545590
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).