Forex Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
US Dollar/Kuwaiti Dinar (FOREX:USDKWD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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 USDKWD
The long term trend has been UP since Jul 13th, 2018 at 0.3030
The intermediate term trend has been UP since Aug 13th, 2018 at 0.3033
The short term trend has been DOWN since Oct 9th, 2018 at 0.3035
Smart Scan Analysis for USDKWD
Based on a pre-defined weighted trend formula for chart analysis, USDKWD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).