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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Kenyan Shilling (FOREX:GBPKES)
Bear Market Rally (-75) - GBPKES is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPKES as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GBPKES?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPKES.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPKES
The long-term trend has been DOWN since Feb 16th, 2024 at 185.90374
The intermediate-term trend has been UP since Apr 24th, 2024 at 163.46249
The short-term trend has been DOWN since May 8th, 2024 at 165.89942
Smart Scan Analysis for GBPKES
Based on our trend formula, GBPKES is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 165.54498 | 165.54498 | 165.54498 | 165.54498 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 165.54498 | 2024-05-08 07:26:31 |