Forex Trend Analysis Report
Prepared for you on Wednesday, May 27, 2020.
British Pound/Kenyan Shilling (FOREX:GBPKES)
Sidelines Mode (-55) - GBPKES is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Feb 4th, 2020 at 130.09799
The intermediate-term trend has been DOWN since May 6th, 2020 at 131.03719
The short-term trend has been UP since May 26th, 2020 at 130.94236
Smart Scan Analysis for GBPKES
Based on our trend formula, GBPKES is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).