Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
US Dollar/Cambodian Riel (FOREX:USDKHR)
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 USDKHR
The long term trend has been DOWN since Nov 14th, 2018 at 4025.80
The intermediate term trend has been UP since Jan 10th, 2019 at 4041.25
The short term trend has been UP since Jan 10th, 2019 at 4017.50
Smart Scan Analysis for USDKHR
Based on a pre-defined weighted trend formula for chart analysis, USDKHR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).