Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Kenyan Shilling/Norwegian Krone (FOREX:KESNOK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 KESNOK
The long term trend has been UP since Apr 25th, 2018 at 0.07950
The intermediate term trend has been DOWN since Jan 7th, 2019 at 0.08405
The short term trend has been UP since Jan 14th, 2019 at 0.08385
Smart Scan Analysis for KESNOK
Based on a pre-defined weighted trend formula for chart analysis, KESNOK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).