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.
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).