Forex Trend Analysis Report
Prepared for you on Friday, September 21, 2018.
Kenyan Shilling/Norwegian Krone (FOREX:KESNOK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 KESNOK
The long term trend has been UP since Apr 25th, 2018 at 0.0795
The intermediate term trend has been DOWN since Sep 12th, 2018 at 0.0824
The short term trend has been DOWN since Sep 20th, 2018 at 0.0808
Smart Scan Analysis for KESNOK
Based on a pre-defined weighted trend formula for chart analysis, KESNOK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).