Forex Trend Analysis Report
Prepared for you on Monday, November 12, 2018.
/US Dollar (FOREX:KMFUSD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 KMFUSD
The long term trend has been DOWN since Aug 13th, 2018 at 0.002345
The intermediate term trend has been DOWN since Oct 5th, 2018 at 0.002355
The short term trend has been UP since Nov 6th, 2018 at 0.002314
Smart Scan Analysis for KMFUSD
Based on a pre-defined weighted trend formula for chart analysis, KMFUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).