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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

South Korean Won/South African Rand (FOREX:KRWZAR)

Bear Market Rally (-75) - KRWZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on KRWZAR as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid KRWZAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for KRWZAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_KRWZAR
Open High Low KRWZAR Price Change
0.01277390 0.01277630 0.01266222 0.01268819 -0.00008600
Entry Signal

MarketClub’s Trade Triangles for KRWZAR

long term down The long-term trend has been DOWN since Jul 15th, 2020 at 1.38008490

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2021 at 0.01301069

short term up The short-term trend has been UP since Apr 14th, 2021 at 0.01305198

Smart Scan Analysis for KRWZAR

Based on our trend formula, KRWZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for KRWZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01277390 0.01277630 0.01266222 0.01268819 -0.00008600
Prev. Close Volume Bid Ask Time
0.01277390 2021-05-06 15:08:44
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