Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Euro/Kazakhstan Tenge (FOREX:EURKZT)
Long-Term Downtrend (-90) - EURKZT is in a strong downtrend that is likely to continue. While EURKZT is showing intraday strength, it remains in the confines of a bearish trend. 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 Aug 6th, 2021 at 502.57
The intermediate-term trend has been DOWN since Sep 21st, 2021 at 500.89
The short-term trend has been DOWN since Sep 10th, 2021 at 504.57
Smart Scan Analysis for EURKZT
Based on our trend formula, EURKZT is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).