Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, June 24, 2024.

US Dollar/Kenyan Shilling (FOREX:USDKES)

Bear Market Rally (-75) - USDKES is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDKES as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid USDKES?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDKES.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDKES
Open High Low USDKES Price Change
129.23000 129.37078 129.23000 129.37000 +0.14000
Entry Signal

MarketClub’s Trade Triangles for USDKES

long term down The long-term trend has been DOWN since Feb 15th, 2024 at 149.94

intermediate term down The intermediate-term trend has been DOWN since May 13th, 2024 at 130.99

short term up The short-term trend has been UP since Jun 19th, 2024 at 129.48

Smart Scan Analysis for USDKES

Based on our trend formula, USDKES is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for USDKES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
129.23000 129.37078 129.23000 129.37000 +0.14000
Prev. Close Volume Bid Ask Time
129.23000 2024-06-23 21:34:25
Get a free daily analysis and signals for US Dollar/Kenyan Shilling (USDKES) - Request Your Free Report.