Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Kenyan Shilling/US Dollar (FOREX:KESUSD)
Strong Downtrend (-100) - KESUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, KESUSD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid KESUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for KESUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KESUSD
The long-term trend has been DOWN since Aug 2nd, 2021 at 0.00921251
The intermediate-term trend has been DOWN since Sep 4th, 2023 at 0.00698167
The short-term trend has been DOWN since Nov 21st, 2023 at 0.00656900
Smart Scan Analysis for KESUSD
Based on our trend formula, KESUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).