Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
British Pound/Kenyan Shilling (FOREX:GBPKES)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPKES
The long term trend has been UP since Nov 7th, 2018 at 133.970
The intermediate term trend has been UP since Nov 6th, 2018 at 133.740
The short term trend has been DOWN since Nov 18th, 2018 at 131.505
Smart Scan Analysis for GBPKES
Based on a pre-defined weighted trend formula for chart analysis, GBPKES scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).