Forex Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
South African Rand/Czech Koruna (FOREX:ZARCZK)
Sidelines Mode (+55) - ZARCZK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZARCZK?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARCZK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARCZK
The long-term trend has been UP since Dec 24th, 2019 at 1.62215
The intermediate-term trend has been DOWN since Jan 7th, 2020 at 1.57420
The short-term trend has been UP since Feb 19th, 2020 at 1.54689
Smart Scan Analysis for ZARCZK
Based on our trend formula, ZARCZK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).