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.
MarketClub’s Trade Triangles for ZARKES
The long-term trend has been UP since Jul 15th, 2020 at 6.4923188
The intermediate-term trend has been DOWN since Aug 3rd, 2020 at 6.3260184
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).