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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

British Pound/Kenyan Shilling (FOREX:GBPKES)

Strong Downtrend (-100) - GBPKES is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPKES continues to fall. Traders should use caution and set stops.

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.

FOREX_GBPKES
Open High Low GBPKES Price Change
172.67255 172.99608 172.67255 172.87562 +0.20307
Entry Signal

MarketClub’s Trade Triangles for GBPKES

long term down The long-term trend has been DOWN since Feb 16th, 2024 at 185.90374

intermediate term down The intermediate-term trend has been DOWN since Feb 14th, 2024 at 201.92162

short term down The short-term trend has been DOWN since Mar 13th, 2024 at 182.78253

Smart Scan Analysis for GBPKES

Based on our trend formula, GBPKES is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for GBPKES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
172.67255 172.99608 172.67255 172.87562 +0.20307
Prev. Close Volume Bid Ask Time
172.67255 2024-03-18 22:07:01
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