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Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2020.

Euro/Kenyan Shilling (FOREX:EURKES)

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_EURKES
Open High Low EURKES Price Change
112.50 112.55 111.86 111.92 -0.58
Entry Signal

MarketClub’s Trade Triangles for EURKES

long term down The long term trend has been DOWN since Nov 8th, 2019 at 113.2500

intermediate term down The intermediate term trend has been DOWN since Dec 19th, 2019 at 112.0100

short term down The short term trend has been DOWN since Jan 16th, 2020 at 112.3736

Smart Scan Analysis for EURKES

Based on a pre-defined weighted trend formula for chart analysis, EURKES scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for EURKES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
112.50 112.55 111.86 111.92 -0.58
Prev. Close Volume Bid Ask Time
112.50 109.92 113.92 2020-01-17 16:32:23
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