Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Kenyan Shilling/Swedish Krona (FOREX:KESSEK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 KESSEK
The long term trend has been UP since Sep 3rd, 2019 at 0.09490
The intermediate term trend has been DOWN since Sep 13th, 2019 at 0.09245
The short term trend has been DOWN since Sep 20th, 2019 at 0.09315
Smart Scan Analysis for KESSEK
Based on a pre-defined weighted trend formula for chart analysis, KESSEK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).