U.S. DOLLAR / KENYAN SHILLING USDKES

Candles254

The Kenya shilling has been facing a lot of headwinds, and with the central bank maintaining its monetary policy stance and keeping interest rates at the current rate, plus it is an election year, I see the shilling weakening further.

nahashonmaish

The trend is looking exhausted for now but there is potential to get to 113.00 or 113.5 if it breaks the trendline. However the

Mo_Rashid

USDKES has been uptrending since January 2020. USDKES held that low of Ksh 106.60 created in December 2020. we might see a push to the upside circa Ksh 110.12 and if breaks this resistance zone at KSh 110.12 it will push up towards the highs of December 2020 circa Ksh 111.54

INFINITY_WAVES

After the 5 impulsive waves we should expect ABC correction considering elections are to be held in 2022. We can note that during corrections is when elections phase is in play

mosehez Pro

Wait for the correction to complete and come close to the trendline before buying the usdkes to the upside with targets of 120

Mo_Rashid

USDKES has been in a sideways movement since the high close of november 2020 it been ranging between 109.17 ksh to 110 ksh. waiting for a break above to test that high wick of 111.52 ksh in december 2020. our economy has taken a hit since corona virus disrupted businesses and jobs.

Mo_Rashid

kenya has imposed the curfew till march 2021 this will see the kenyan shilling weaken as business have suffered through out the corona period.

Mo_Rashid

The dollar as been rising against the Kenyan shilling since COVID hit. further upside dollar still in play to area around 109.30 ksh

KeTrader

Just fun stuff looking at my local currency