Forex Trend Analysis Report
Prepared for you on Thursday, February 27, 2020.
Euro/Kazakhstan Tenge (FOREX:EURKZT)
Bear Market Rally (-75) - EURKZT is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURKZT as it may be in the beginning of a reversal.
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 24th, 2019 at 423.35
The intermediate-term trend has been DOWN since Feb 9th, 2020 at 416.55
The short-term trend has been UP since Feb 25th, 2020 at 408.71
Smart Scan Analysis for EURKZT
Based on our trend formula, EURKZT is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).