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Forex Trend Analysis Report

Prepared for you on Monday, August 3, 2020.

South African Rand/Kenyan Shilling (FOREX:ZARKES)

Weak Downtrend (-65) - ZARKES is showing signs of a strengthening downtrend. Monitor ZARKES as it may be building momentum to the downside.

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.

FOREX_ZARKES
Open High Low ZARKES Price Change
6.2705545 6.2707750 6.2572284 6.2572284 -0.0133260
Entry Signal

MarketClub’s Trade Triangles for ZARKES

long term up The long-term trend has been UP since Jul 15th, 2020 at 6.4923188

intermediate term down The intermediate-term trend has been DOWN since Aug 3rd, 2020 at 6.3260184

short term down The short-term trend has been DOWN since Jul 24th, 2020 at 6.4645899

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).

-70
Smart Scan Analysis for ZARKES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.2705545 6.2707750 6.2572284 6.2572284 -0.0133260
Prev. Close Volume Bid Ask Time
6.2705545 6.1586738 6.3557829 2020-08-03 05:11:43
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