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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.

FOREX_KRWZAR
Open High Low KRWZAR Price Change
0.01402911 0.01404272 0.01390497 0.01396235 -0.00006700
Entry Signal

MarketClub’s Trade Triangles for KRWZAR

long term up The long-term trend has been UP since Jul 6th, 2022 at 0.01275555

intermediate term up The intermediate-term trend has been UP since Nov 30th, 2022 at 0.01322060

short term up 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).

+90
Smart Scan Analysis for KRWZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01402911 0.01404272 0.01390497 0.01396235 -0.00006700
Prev. Close Volume Bid Ask Time
0.01402911 2023-02-07 22:57:07
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