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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

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

Bull Market Weakness (+75) - ZARKRW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARKRW as it may be in the beginning stages of a reversal.

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
74.53255 74.53512 74.31460 74.36968 -0.16287
Entry Signal

MarketClub’s Trade Triangles for ZARKRW

long term up The long-term trend has been UP since Apr 3rd, 2024 at 72.17999

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

short term down The short-term trend has been DOWN since May 22nd, 2024 at 74.38484

Smart Scan Analysis for ZARKRW

Based on our trend formula, ZARKRW is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for ZARKRW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
74.53255 74.53512 74.31460 74.36968 -0.16287
Prev. Close Volume Bid Ask Time
74.53255 2024-05-23 01:48:16
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