Forex Trend Analysis Report
Prepared for you on Friday, November 24, 2017.
Saudi Arabian Riyal/Kuwaiti Dinar (FOREX:SARKWD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Apr 27th, 2017 at 0.080950
The intermediate term trend has been DOWN since Nov 17th, 2017 at 0.080485
The short term trend has been DOWN since Nov 14th, 2017 at 0.080545
Smart Scan Analysis for SARKWD
Based on a pre-defined weighted trend formula for chart analysis, SARKWD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).