Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
Euro/Kuwaiti Dinar (FOREX:EURKWD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 EURKWD
The long term trend has been DOWN since May 2nd, 2018 at 0.36350
The intermediate term trend has been UP since Dec 20th, 2018 at 0.34733
The short term trend has been DOWN since Jan 14th, 2019 at 0.34717
Smart Scan Analysis for EURKWD
Based on a pre-defined weighted trend formula for chart analysis, EURKWD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).