Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
South African Rand/Cambodian Riel (FOREX:ZARKHR)
Strong Downtrend (-100) - ZARKHR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARKHR continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ZARKHR?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARKHR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARKHR
The long-term trend has been DOWN since Oct 6th, 2023 at 215.74046
The intermediate-term trend has been DOWN since Nov 24th, 2023 at 219.96472
The short-term trend has been DOWN since Nov 24th, 2023 at 219.96472
Smart Scan Analysis for ZARKHR
Based on our trend formula, ZARKHR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).