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Forex Trend Analysis Report

Prepared for you on Monday, June 5, 2023.

US Dollar/Kenyan Shilling (FOREX:USDKES)

Bull Market Weakness (+75) - USDKES is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDKES as it may be in the beginning stages of a reversal.

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

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

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

FOREX_USDKES
Open High Low USDKES Price Change
138.75 138.99 138.49 138.90 +0.15
Entry Signal

MarketClub’s Trade Triangles for USDKES

long term up The long-term trend has been UP since Sep 20th, 2022 at 120.55

intermediate term up The intermediate-term trend has been UP since Nov 7th, 2022 at 121.66

short term down The short-term trend has been DOWN since Jun 5th, 2023 at 138.50

Smart Scan Analysis for USDKES

Based on our trend formula, USDKES is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for USDKES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
138.75 138.99 138.49 138.90 +0.15
Prev. Close Volume Bid Ask Time
138.75 2023-06-05 12:33:18
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