Forex Trend Analysis Report
Prepared for you on Monday, June 18, 2018.
Saudi Arabian Riyal/Kuwaiti Dinar (FOREX:SARKWD)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 SARKWD
The long term trend has been UP since May 15th, 2018 at 0.080560
The intermediate term trend has been DOWN since Jun 11th, 2018 at 0.079875
The short term trend has been DOWN since Jun 18th, 2018 at 0.079860
Smart Scan Analysis for SARKWD
Based on a pre-defined weighted trend formula for chart analysis, SARKWD scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).