Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
South African Rand/Danish Krone (FOREX:ZARDKK)
Long-Term Downtrend (-90) - ZARDKK is in a strong downtrend that is likely to continue. While ZARDKK 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 ZARDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARDKK
The long-term trend has been DOWN since Jul 1st, 2022 at 0.43129729
The intermediate-term trend has been DOWN since Jan 19th, 2023 at 0.39736491
The short-term trend has been DOWN since Mar 15th, 2023 at 0.37541224
Smart Scan Analysis for ZARDKK
Based on our trend formula, ZARDKK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).