Learn to analyze forex markets like a professional. Master technical and fundamental analysis techniques tailored for the Kenyan trading environment.
Successful forex trading isn't gambling—it's informed decision-making based on market analysis. As a Kenyan trader, you have unique advantages in understanding regional economic factors that affect currency movements.
This guide covers both technical analysis (chart patterns) and fundamental analysis (economic factors), with specific focus on how global events impact the Kenyan Shilling and your trading opportunities.
Study price movements and trading volumes to predict future price direction
Analyze economic indicators, news, and events that drive currency values
Understand what other traders are thinking and position accordingly
Price levels where buying/selling pressure increases. Perfect for USD/KES which often respects key psychological levels.
Connect price highs or lows to identify trend direction. Essential for swing trading strategies.
Triangles, head & shoulders, double tops/bottoms that signal potential reversals or continuations.
20, 50, 200 period MAs show trend direction and dynamic support/resistance
Identifies overbought (>70) and oversold (<30) conditions
Shows relationship between two moving averages, great for trend changes
Use H4 charts for main analysis (fits working schedule), H1 for entries, and D1 for overall trend. Avoid M1-M5 charts as they're too noisy and require constant monitoring.
First Friday of each month, 3:30 PM EAT. Major USD mover.
Interest rate decisions affect USD strength globally.
European Central Bank decisions impact EUR pairs.
Central Bank of Kenya rate decisions affect KES directly.
Major export commodities that influence KES strength.
High tourism seasons bring USD inflows, strengthening KES.
Lower volatility, good for scalping JPY pairs
Highest volume, best for EUR/GBP pairs
High volatility, excellent for USD pairs
London-New York overlap. Highest liquidity and volatility. Perfect for day trading.
London morning session. Good for European pairs and trend analysis.
Market closing, low liquidity, unpredictable movements.
Combine technical and fundamental analysis, respect market sessions, maintain discipline, and always consider Kenya-specific factors when trading KES pairs.