Forex Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
Euro/Kenyan Shilling (FOREX:EURKES)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
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 EURKES
The long term trend has been DOWN since Jan 24th, 2019 at 114.87
The intermediate term trend has been DOWN since Jan 16th, 2019 at 115.66
The short term trend has been UP since Feb 18th, 2019 at 113.36
Smart Scan Analysis for EURKES
Based on a pre-defined weighted trend formula for chart analysis, EURKES scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).