Forex Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
Kenyan Shilling/Swedish Krona (FOREX:KESSEK)
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 KESSEK
The long term trend has been DOWN since Jan 2nd, 2019 at 0.08705
The intermediate term trend has been DOWN since Dec 31st, 2018 at 0.08790
The short term trend has been UP since Jan 11th, 2019 at 0.08780
Smart Scan Analysis for KESSEK
Based on a pre-defined weighted trend formula for chart analysis, KESSEK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).