Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Euro/Kazakhstan Tenge (FOREX:EURKZT)
Strong Downtrend (-100) - EURKZT is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURKZT continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid EURKZT?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURKZT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURKZT
The long-term trend has been DOWN since Dec 8th, 2023 at 495.46
The intermediate-term trend has been DOWN since Dec 5th, 2023 at 499.08
The short-term trend has been DOWN since Dec 5th, 2023 at 501.08
Smart Scan Analysis for EURKZT
Based on our trend formula, EURKZT is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).