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Forex Trend Analysis Report

Prepared for you on Thursday, March 4, 2021.

South African Rand/Norwegian Krone (FOREX:ZARNOK)

Long-Term Downtrend (-90) - ZARNOK is in a strong downtrend that is likely to continue. While ZARNOK 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 ZARNOK?

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

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

FOREX_ZARNOK
Open High Low ZARNOK Price Change
0.56358099 0.56536807 0.56139014 0.56452251 +0.00094200
Entry Signal

MarketClub’s Trade Triangles for ZARNOK

long term down The long-term trend has been DOWN since Jan 7th, 2021 at 0.55203312

intermediate term down The intermediate-term trend has been DOWN since Feb 25th, 2021 at 0.56332283

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 0.56974912

Smart Scan Analysis for ZARNOK

Based on our trend formula, ZARNOK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZARNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.56358099 0.56536807 0.56139014 0.56452251 +0.00094200
Prev. Close Volume Bid Ask Time
0.56358099 2021-03-04 05:09:53
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