Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
US Dollar/Kenyan Shilling (FOREX:USDKES)
Countertrend Down (-85) - USDKES is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Apr 1st, 2021 at 109.31563
The short-term trend has been UP since Apr 16th, 2021 at 107.10000
Smart Scan Analysis for USDKES
Based on our trend formula, USDKES is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).