Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
British Pound/Kenyan Shilling (FOREX:GBPKES)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 GBPKES
The long term trend has been DOWN since May 22nd, 2019 at 127.870
The intermediate term trend has been DOWN since Jul 17th, 2019 at 127.670
The short term trend has been UP since Jul 19th, 2019 at 129.325
Smart Scan Analysis for GBPKES
Based on a pre-defined weighted trend formula for chart analysis, GBPKES scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).