Forex Trend Analysis Report
Prepared for you on Tuesday, February 7, 2023.
South Korean Won/South African Rand (FOREX:KRWZAR)
Long-Term Uptrend (+90) - KRWZAR is in a strong uptrend that is likely to continue. While KRWZAR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for KRWZAR
The long-term trend has been UP since Jul 6th, 2022 at 0.01275555
The intermediate-term trend has been UP since Nov 30th, 2022 at 0.01322060
The short-term trend has been UP since Feb 6th, 2023 at 0.01406327
Smart Scan Analysis for KRWZAR
Based on our trend formula, KRWZAR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).