Forex Trend Analysis Report
Prepared for you on Tuesday, November 20, 2018.
Kuwaiti Dinar/Euro (FOREX:KWDEUR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 KWDEUR
The long term trend has been UP since May 2nd, 2018 at 2.75105
The intermediate term trend has been DOWN since Nov 19th, 2018 at 2.87315
The short term trend has been DOWN since Nov 14th, 2018 at 2.90065
Smart Scan Analysis for KWDEUR
Based on a pre-defined weighted trend formula for chart analysis, KWDEUR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).