Forex Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
Euro/Kenyan Shilling (FOREX:EURKES)
Sidelines Mode (+55) - EURKES is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Nov 11th, 2022 at 122.8302
The intermediate-term trend has been UP since Oct 18th, 2023 at 155.9300
The short-term trend has been DOWN since Dec 1st, 2023 at 166.2500
Smart Scan Analysis for EURKES
Based on our trend formula, EURKES is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).