Forex Trend Analysis Report
Prepared for you on Monday, September 25, 2017.
South African Rand/Kenyan Shilling (FOREX:ZARKES)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management 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 DOWN since Sep 18th, 2017 at 7.8209
The short term trend has been UP since Sep 22nd, 2017 at 7.8184
Smart Scan Analysis for ZARKES
Based on a pre-defined weighted trend formula for chart analysis, ZARKES scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).