Forex Trend Analysis Report
Prepared for you on Wednesday, May 27, 2020.
South African Rand/Swedish Krona (FOREX:ZARSEK)
Crossroads (+60) - ZARSEK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Feb 26th, 2020 at 0.63309500
The intermediate-term trend has been UP since May 21st, 2020 at 0.54559000
The short-term trend has been UP since May 20th, 2020 at 0.53436038
Smart Scan Analysis for ZARSEK
Based on our trend formula, ZARSEK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).