Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
Kuwaiti Dinar/US Dollar (FOREX:KWDUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 KWDUSD
The long term trend has been DOWN since May 1st, 2018 at 3.32155
The intermediate term trend has been DOWN since Apr 23rd, 2018 at 3.33165
The short term trend has been UP since May 22nd, 2018 at 3.31220
Smart Scan Analysis for KWDUSD
Based on a pre-defined weighted trend formula for chart analysis, KWDUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).