Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
British Pound/Kenyan Shilling (FOREX:GBPKES)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 Dec 10th, 2018 at 128.840
The intermediate term trend has been UP since Jan 11th, 2019 at 130.575
The short term trend has been DOWN since Jan 21st, 2019 at 130.575
Smart Scan Analysis for GBPKES
Based on a pre-defined weighted trend formula for chart analysis, GBPKES scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).