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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
South African Rand/Kenyan Shilling (FOREX:ZARKES)
Countertrend Down (-85) - ZARKES is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Feb 14th, 2024 at 8.355743
The short-term trend has been UP since Apr 24th, 2024 at 6.872254
Smart Scan Analysis for ZARKES
Based on our trend formula, ZARKES is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.882603 | 6.882603 | 6.882603 | 6.882603 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.882603 | 2024-04-24 21:01:02 |