Forex Trend Analysis Report
Prepared for you on Wednesday, June 20, 2018.
South African Rand/Kenyan Shilling (FOREX:ZARKES)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend 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 DOWN since Apr 23rd, 2018 at 8.24425
The intermediate term trend has been DOWN since Apr 6th, 2018 at 8.38990
The short term trend has been DOWN since May 29th, 2018 at 8.07530
Smart Scan Analysis for ZARKES
Based on a pre-defined weighted trend formula for chart analysis, ZARKES scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).