Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
US Dollar/Kenyan Shilling (FOREX:USDKES)
Strong Uptrend (+100) - USDKES is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDKES continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Aug 3rd, 2021 at 108.70
The intermediate-term trend has been UP since Jul 13th, 2021 at 108.00
The short-term trend has been UP since Oct 1st, 2021 at 110.55
Smart Scan Analysis for USDKES
Based on our trend formula, USDKES is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).