Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
South African Rand/Kenyan Shilling (FOREX:ZARKES)
Weak Uptrend (+65) - ZARKES is showing signs of weakening momentum to the upside. Monitor 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 UP since Dec 29th, 2022 at 7.227710
The intermediate-term trend has been UP since Mar 6th, 2023 at 7.032662
The short-term trend has been DOWN since Mar 9th, 2023 at 6.998005
Smart Scan Analysis for ZARKES
Based on our trend formula, ZARKES is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).