Forex Trend Analysis Report
Prepared for you on Thursday, November 23, 2017.
South African Rand/Kenyan Shilling (FOREX:ZARKES)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for ZARKES
The long term trend has been DOWN since Apr 10th, 2017 at 7.4246
The intermediate term trend has been UP since Nov 22nd, 2017 at 7.4447
The short term trend has been UP since Nov 16th, 2017 at 7.2293
Smart Scan Analysis for ZARKES
Based on a pre-defined weighted trend formula for chart analysis, ZARKES scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).