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.
MarketClub’s Trade Triangles for KRWZAR
The long-term trend has been DOWN since Jul 15th, 2020 at 1.38008490
The intermediate-term trend has been DOWN since Mar 19th, 2021 at 0.01301069
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).