Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
South African Rand/Kenyan Shilling (FOREX:ZARKES)
Bull Market Weakness (+75) - ZARKES is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZARKES as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for ZARKES
The long-term trend has been DOWN since Jan 30th, 2020 at 6.8051170
The intermediate-term trend has been UP since Apr 30th, 2020 at 5.9316914
The short-term trend has been UP since May 18th, 2020 at 5.8240055
Smart Scan Analysis for ZARKES
Based on our trend formula, ZARKES is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).