Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
South African Rand/Kenyan Shilling (FOREX:ZARKES)
Sidelines Mode (+55) - ZARKES is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Feb 1st, 2021 at 7.2786650
The short-term trend has been DOWN since Feb 25th, 2021 at 7.4683410
Smart Scan Analysis for ZARKES
Based on our trend formula, ZARKES is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).