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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.

FOREX_USDKES
Open High Low USDKES Price Change
101.03732 101.05091 100.79000 100.89000 -0.14732
Entry Signal

MarketClub’s Trade Triangles for USDKES

long term down The long term trend has been DOWN since Nov 8th, 2019 at 102.34000

intermediate term down The intermediate term trend has been DOWN since Oct 22nd, 2019 at 103.62271

short term down 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).

-100
Smart Scan Analysis for USDKES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
101.03732 101.05091 100.79000 100.89000 -0.14732
Prev. Close Volume Bid Ask Time
101.03732 99.89000 101.89000 2020-01-17 16:52:56
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