Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
British Pound/Kenyan Shilling (FOREX:GBPKES)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 DOWN since Apr 27th, 2018 at 138.82415
The intermediate term trend has been UP since Jul 9th, 2018 at 134.42000
The short term trend has been UP since Jul 16th, 2018 at 133.58000
Smart Scan Analysis for GBPKES
Based on a pre-defined weighted trend formula for chart analysis, GBPKES scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).