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Forex Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
South African Rand/Kenyan Shilling (FOREX:ZARKES)
Strong Downtrend (-100) - ZARKES is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ZARKES continues to fall. Traders should use caution 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 DOWN since Mar 13th, 2024 at 7.583903
Smart Scan Analysis for ZARKES
Based on our trend formula, ZARKES is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.759349 | 6.759349 | 6.759349 | 6.759349 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.759349 | 2024-04-14 22:04:00 |