Forex Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
South African Rand/Kenyan Shilling (FOREX:ZARKES)
Bear Market Rally (-75) - ZARKES is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZARKES as it may be in the beginning 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 Jul 20th, 2021 at 7.425897
The intermediate-term trend has been DOWN since Oct 27th, 2021 at 7.414816
The short-term trend has been UP since Dec 1st, 2021 at 7.011548
Smart Scan Analysis for ZARKES
Based on our trend formula, ZARKES is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).