Forex Trend Analysis Report
Prepared for you on Saturday, November 27, 2021.
South African Rand/Swedish Krona (FOREX:ZARSEK)
Long-Term Downtrend (-90) - ZARSEK is in a strong downtrend that is likely to continue. While ZARSEK 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 ZARSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZARSEK
The long-term trend has been DOWN since Jul 26th, 2021 at 0.58111044
The intermediate-term trend has been DOWN since Oct 25th, 2021 at 0.57722117
The short-term trend has been DOWN since Nov 25th, 2021 at 0.56548874
Smart Scan Analysis for ZARSEK
Based on our trend formula, ZARSEK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).