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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
South African Rand/Kenyan Shilling (FOREX:ZARKES)
Long-Term Downtrend (-90) - ZARKES is in a strong downtrend that is likely to continue. While ZARKES is showing intraday strength, it remains in the confines of a bearish trend. 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 Dec 17th, 2024 at 7.170960
The intermediate-term trend has been DOWN since Dec 17th, 2024 at 7.174306
The short-term trend has been DOWN since Oct 4th, 2024 at 7.411545
Smart Scan Analysis for ZARKES
Based on our trend formula, ZARKES is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.929876 | 6.929876 | 6.929876 | 6.929876 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.929876 | 2025-01-18 02:34:59 |