Forex Trend Analysis Report
Prepared for you on Tuesday, July 25, 2017.
Kenyan Shilling/US Dollar (FOREX:KESUSD)
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 KESUSD
The long term trend has been DOWN since Jul 1st, 2016 at 0.009855
The intermediate term trend has been DOWN since Jun 16th, 2017 at 0.009660
The short term trend has been UP since Jul 21st, 2017 at 0.009640
Smart Scan Analysis for KESUSD
Based on a pre-defined weighted trend formula for chart analysis, KESUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).