Forex Trend Analysis Report
Prepared for you on Wednesday, March 21, 2018.
US Dollar/Kazakhstan Tenge (FOREX:USDKZT)
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 USDKZT
The long term trend has been DOWN since Nov 17th, 2017 at 332.135
The intermediate term trend has been UP since Mar 9th, 2018 at 320.400
The short term trend has been UP since Mar 9th, 2018 at 319.740
Smart Scan Analysis for USDKZT
Based on a pre-defined weighted trend formula for chart analysis, USDKZT scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).