Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
US Dollar/Kenyan Shilling (FOREX:USDKES)
Weak Downtrend (-65) - USDKES is showing signs of a strengthening downtrend. Monitor USDKES as it may be building momentum to the downside.
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 DOWN since Dec 30th, 2020 at 108.04385
The intermediate-term trend has been DOWN since Dec 22nd, 2020 at 109.58125
The short-term trend has been UP since Feb 23rd, 2021 at 109.71262
Smart Scan Analysis for USDKES
Based on our trend formula, USDKES is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).