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.
MarketClub’s Trade Triangles for USDKES
The long-term trend has been UP since Mar 4th, 2020 at 102.80000
The intermediate-term trend has been UP since Feb 19th, 2020 at 101.26169
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).