Forex Trend Analysis Report
Prepared for you on Tuesday, December 18, 2018.
US Dollar/Kenyan Shilling (FOREX:USDKES)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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 USDKES
The long term trend has been UP since Oct 26th, 2018 at 101.298
The intermediate term trend has been UP since Oct 24th, 2018 at 101.224
The short term trend has been DOWN since Dec 16th, 2018 at 102.400
Smart Scan Analysis for USDKES
Based on a pre-defined weighted trend formula for chart analysis, USDKES scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).