Free Daily Analysis

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.

FOREX_USDKES
Open High Low USDKES Price Change
106.80 106.86 106.80 106.85 +0.05
Entry Signal

MarketClub’s Trade Triangles for USDKES

long term down The long-term trend has been DOWN since Dec 30th, 2020 at 108.04385

intermediate term down The intermediate-term trend has been DOWN since Apr 1st, 2021 at 109.31563

short term up 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).

-85
Smart Scan Analysis for USDKES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
106.80 106.86 106.80 106.85 +0.05
Prev. Close Volume Bid Ask Time
106.80 2021-05-12 03:09:16
Get a free daily analysis and signals for US Dollar/Kenyan Shilling (USDKES) - Request Your Free Report.