Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
US Dollar/Kenyan Shilling (FOREX:USDKES)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDKES
The long term trend has been DOWN since Nov 8th, 2019 at 102.34000
The intermediate term trend has been DOWN since Oct 22nd, 2019 at 103.62271
The short term trend has been DOWN since Jan 16th, 2020 at 101.05540
Smart Scan Analysis for USDKES
Based on a pre-defined weighted trend formula for chart analysis, USDKES scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).