Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
Kenyan Shilling/Icelandic Krona (FOREX:KESISK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 KESISK
The long term trend has been DOWN since Nov 15th, 2017 at 0.99405
The intermediate term trend has been DOWN since Feb 26th, 2018 at 0.98500
The short term trend has been UP since Mar 21st, 2018 at 0.98835
Smart Scan Analysis for KESISK
Based on a pre-defined weighted trend formula for chart analysis, KESISK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).