Forex Trend Analysis Report
Prepared for you on Tuesday, March 2, 2021.
US Dollar/Kenyan Shilling (FOREX:USDKES)
Crossroads (+60) - USDKES is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for USDKES
The long-term trend has been DOWN since Dec 30th, 2020 at 108.04385
The intermediate-term trend has been UP since Mar 1st, 2021 at 109.85000
The short-term trend has been UP since Feb 23rd, 2021 at 109.71262
Smart Scan Analysis for USDKES
Based on our trend formula, USDKES is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).