Forex Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
Kenyan Shilling/Swiss Franc (FOREX:KESCHF)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 KESCHF
The long term trend has been DOWN since Aug 28th, 2018 at 0.96740
The intermediate term trend has been DOWN since Nov 6th, 2018 at 0.97535
The short term trend has been UP since Dec 12th, 2018 at 0.97280
Smart Scan Analysis for KESCHF
Based on a pre-defined weighted trend formula for chart analysis, KESCHF scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).