Forex Trend Analysis Report
Prepared for you on Sunday, May 28, 2017.
Kenyan Shilling/US Dollar (FOREX:KESUSD)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 KESUSD
The long term trend has been DOWN since Jul 1st, 2016 at 0.009855
The intermediate term trend has been UP since May 24th, 2017 at 0.009710
The short term trend has been UP since May 24th, 2017 at 0.009700
Smart Scan Analysis for KESUSD
Based on a pre-defined weighted trend formula for chart analysis, KESUSD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).