Forex Trend Analysis Report
Prepared for you on Sunday, December 9, 2018.
US Dollar/Kazakhstan Tenge (FOREX:USDKZT)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 USDKZT
The long term trend has been UP since May 1st, 2018 at 327.99
The intermediate term trend has been DOWN since Nov 23rd, 2018 at 366.49
The short term trend has been DOWN since Dec 4th, 2018 at 371.02
Smart Scan Analysis for USDKZT
Based on a pre-defined weighted trend formula for chart analysis, USDKZT scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).