Forex Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
South African Rand/Norwegian Krone (FOREX:ZARNOK)
Strong Downtrend (-100) - ZARNOK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARNOK continues to fall. 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.
MarketClub’s Trade Triangles for ZARNOK
The long-term trend has been DOWN since Aug 3rd, 2023 at 0.54594693
The intermediate-term trend has been DOWN since Sep 6th, 2023 at 0.54503188
The short-term trend has been DOWN since Sep 26th, 2023 at 0.56843663
Smart Scan Analysis for ZARNOK
Based on our trend formula, ZARNOK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).