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.
MarketClub’s Trade Triangles for USDKES
The long-term trend has been UP since Sep 20th, 2022 at 120.55
The intermediate-term trend has been UP since Nov 7th, 2022 at 121.66
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).