Forex Trend Analysis Report
Prepared for you on Wednesday, December 1, 2021.
Euro/Kenyan Shilling (FOREX:EURKES)
Bear Market Rally (-75) - EURKES is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURKES as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid EURKES?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURKES.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURKES
The long-term trend has been DOWN since Mar 7th, 2021 at 131.3591
The intermediate-term trend has been DOWN since Nov 14th, 2021 at 128.8138
The short-term trend has been UP since Nov 30th, 2021 at 127.0948
Smart Scan Analysis for EURKES
Based on our trend formula, EURKES is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).