Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
Euro/Kuwaiti Dinar (FOREX:EURKWD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 EURKWD
The long term trend has been DOWN since May 2nd, 2018 at 0.36350
The intermediate term trend has been DOWN since Oct 1st, 2018 at 0.35044
The short term trend has been UP since Nov 15th, 2018 at 0.34484
Smart Scan Analysis for EURKWD
Based on a pre-defined weighted trend formula for chart analysis, EURKWD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).