Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
British Pound/Kenyan Shilling (FOREX:GBPKES)
Bull Market Weakness (+75) - GBPKES is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPKES as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid GBPKES?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPKES.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPKES
The long-term trend has been UP since Nov 24th, 2022 at 145.28725
The intermediate-term trend has been UP since Nov 10th, 2023 at 180.02274
The short-term trend has been UP since Dec 8th, 2023 at 193.76908
Smart Scan Analysis for GBPKES
Based on our trend formula, GBPKES is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).