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Forex Trend Analysis Report

Prepared for you on Tuesday, October 16, 2018.

South African Rand/Kenyan Shilling (FOREX:ZARKES)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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.

FOREX_ZARKES
Open High Low ZARKES Price Change
7.03595 7.07565 7.00795 7.07130 +0.03535
Entry Signal

MarketClub’s Trade Triangles for ZARKES

long term down The long term trend has been DOWN since Apr 23rd, 2018 at 8.24425

intermediate term down The intermediate term trend has been DOWN since Oct 9th, 2018 at 6.72730

short term up The short term trend has been UP since Oct 10th, 2018 at 6.94035

Smart Scan Analysis for ZARKES

Based on a pre-defined weighted trend formula for chart analysis, ZARKES scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for ZARKES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.03595 7.07565 7.00795 7.07130 +0.03535
Prev. Close Volume Bid Ask Time
7.03595 6.95020 7.19240 2018-10-16 10:21:52
Want to analyze South African Rand/Kenyan Shilling ZARKES or another symbol? Try our Free Forex Trend Analysis Report.