Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

South African Rand/Norwegian Krone (FOREX:ZARNOK)

Sidelines Mode (-55) - ZARNOK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

Open	High	Low	ZARNOK Price	Change
0.57631722	0.57692491	0.57405842	0.57608514	-0.00023200
Entry Signal

MarketClub’s Trade Triangles for ZARNOK

The long-term trend has been DOWN since Sep 21st, 2021 at 0.58533314

The intermediate-term trend has been DOWN since Sep 21st, 2021 at 0.58604894

The short-term trend has been UP since Oct 12th, 2021 at 0.57314629

Smart Scan Analysis for ZARNOK

Based on our trend formula, ZARNOK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55

Strong Downtrend Sideways Strong Uptrend

Open	High	Low	Price	Change
0.57631722	0.57692491	0.57405842	0.57608514	-0.00023200
Prev. Close	Volume	Bid	Ask	Time
0.57631722				2021-10-17 19:19:46

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