Forex Trend Analysis Report
Prepared for you on Sunday, December 9, 2018.
Saudi Arabian Riyal/Kuwaiti Dinar (FOREX:SARKWD)
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 SARKWD
The long term trend has been UP since Aug 10th, 2018 at 0.080945
The intermediate term trend has been DOWN since Nov 20th, 2018 at 0.080830
The short term trend has been DOWN since Dec 4th, 2018 at 0.080990
Smart Scan Analysis for SARKWD
Based on a pre-defined weighted trend formula for chart analysis, SARKWD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).