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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

South African Rand/South Korean Won (FOREX:ZARKRW)

Crossroads (+60) - ZARKRW is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid ZARKRW?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZARKRW.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ZARKRW
Open High Low ZARKRW Price Change
71.21997 71.38870 70.77856 71.16506 -0.05491
Entry Signal

MarketClub’s Trade Triangles for ZARKRW

long term down The long-term trend has been DOWN since Nov 3rd, 2022 at 77.10764

intermediate term up The intermediate-term trend has been UP since Mar 5th, 2024 at 71.10807

short term up The short-term trend has been UP since Mar 20th, 2024 at 71.14986

Smart Scan Analysis for ZARKRW

Based on our trend formula, ZARKRW is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for ZARKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
71.21997 71.38870 70.77856 71.16506 -0.05491
Prev. Close Volume Bid Ask Time
71.21997 2024-03-28 17:53:40
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