Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
US Dollar/Kenyan Shilling (FOREX:USDKES)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDKES
The long term trend has been DOWN since Jan 27th, 2019 at 100.578
The intermediate term trend has been DOWN since Dec 19th, 2018 at 102.084
The short term trend has been UP since Feb 19th, 2019 at 100.310
Smart Scan Analysis for USDKES
Based on a pre-defined weighted trend formula for chart analysis, USDKES scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).