Forex Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
South African Rand/Kenyan Shilling (FOREX:ZARKES)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since Dec 18th, 2017 at 8.08540
The intermediate term trend has been UP since Feb 15th, 2018 at 8.66995
The short term trend has been UP since Feb 13th, 2018 at 8.47365
Smart Scan Analysis for ZARKES
Based on a pre-defined weighted trend formula for chart analysis, ZARKES scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).