Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
South African Rand/Kenyan Shilling (FOREX:ZARKES)
Sidelines Mode (+50) - ZARKES is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ZARKES can gain momentum.
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 Jul 20th, 2021 at 7.425897
The intermediate-term trend has been UP since Oct 15th, 2021 at 7.432641
The short-term trend has been UP since Oct 15th, 2021 at 7.432641
Smart Scan Analysis for ZARKES
Based on our trend formula, ZARKES is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).