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Forex Trend Analysis Report

Prepared for you on Monday, August 3, 2020.

US Dollar/Kenyan Shilling (FOREX:USDKES)

Long-Term Uptrend (+90) - USDKES is in a strong uptrend that is likely to continue. While USDKES is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
107.75000 107.95000 107.73921 107.78692 +0.03692
Entry Signal

MarketClub’s Trade Triangles for USDKES

long term up The long-term trend has been UP since Mar 4th, 2020 at 102.80000

intermediate term up The intermediate-term trend has been UP since Feb 19th, 2020 at 101.26169

short term up The short-term trend has been UP since Jul 8th, 2020 at 106.95000

Smart Scan Analysis for USDKES

Based on our trend formula, USDKES is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for USDKES
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
107.75000 107.95000 107.73921 107.78692 +0.03692
Prev. Close Volume Bid Ask Time
107.75000 106.08922 109.48462 2020-08-03 05:11:43
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