Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Kenyan Shilling/US Dollar (FOREX:KESUSD)
Bear Market Rally (-75) - KESUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on KESUSD as it may be in the beginning of a reversal.
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 Mar 4th, 2020 at 0.00973888
The intermediate-term trend has been DOWN since Feb 19th, 2020 at 0.00987858
The short-term trend has been UP since May 28th, 2020 at 0.00935574
Smart Scan Analysis for KESUSD
Based on our trend formula, KESUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).