Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

Euro/Kenyan Shilling (FOREX:EURKES)

Long-Term Downtrend (-90) - EURKES is in a strong downtrend that is likely to continue. While EURKES is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid EURKES?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURKES.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURKES
Open High Low EURKES Price Change
138.55 138.55 138.55 138.55 0.00
Entry Signal

MarketClub’s Trade Triangles for EURKES

long term down The long-term trend has been DOWN since Feb 16th, 2024 at 162.61

intermediate term down The intermediate-term trend has been DOWN since Jun 3rd, 2024 at 141.43

short term down The short-term trend has been DOWN since Jun 3rd, 2024 at 141.47

Smart Scan Analysis for EURKES

Based on our trend formula, EURKES is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURKES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
138.55 138.55 138.55 138.55 0.00
Prev. Close Volume Bid Ask Time
138.80 2024-06-16 21:00:23
Get a free daily analysis and signals for Euro/Kenyan Shilling (EURKES) - Request Your Free Report.