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Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
Pakistani Rupee/South African Rand (FOREX:PKRZAR)
Long-Term Downtrend (-90) - PKRZAR is in a strong downtrend that is likely to continue. While PKRZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid PKRZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for PKRZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for PKRZAR
The long-term trend has been DOWN since Sep 20th, 2022 at 0.06875977
The intermediate-term trend has been DOWN since Mar 14th, 2023 at 0.06420401
The short-term trend has been DOWN since Mar 29th, 2023 at 0.06397130
Smart Scan Analysis for PKRZAR
Based on our trend formula, PKRZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.06422981 | 0.06474452 | 0.06377526 | 0.06394464 | -0.00028500 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.06422981 | 2023-03-29 15:46:45 |