Forex Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
US Dollar/Kazakhstan Tenge (FOREX:USDKZT)
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 USDKZT
The long term trend has been UP since May 1st, 2018 at 327.990
The intermediate term trend has been DOWN since Sep 21st, 2018 at 358.805
The short term trend has been UP since Sep 25th, 2018 at 356.510
Smart Scan Analysis for USDKZT
Based on a pre-defined weighted trend formula for chart analysis, USDKZT scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).