Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
Kenyan Shilling/US Dollar (FOREX:KESUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 KESUSD
The long term trend has been UP since Jan 28th, 2019 at 0.009944
The intermediate term trend has been UP since Jan 21st, 2019 at 0.009846
The short term trend has been DOWN since Feb 19th, 2019 at 0.009973
Smart Scan Analysis for KESUSD
Based on a pre-defined weighted trend formula for chart analysis, KESUSD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).