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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
South African Rand/Kenyan Shilling (FOREX:ZARKES)
Bear Market Rally (-75) - ZARKES is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARKES as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ZARKES?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZARKES.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ZARKES
The long-term trend has been DOWN since Feb 14th, 2024 at 8.059365
The intermediate-term trend has been UP since Apr 28th, 2024 at 6.882603
The short-term trend has been DOWN since May 8th, 2024 at 7.136955
Smart Scan Analysis for ZARKES
Based on our trend formula, ZARKES is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.108695 | 7.108695 | 7.108695 | 7.108695 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.108695 | 2024-05-08 07:26:31 |