Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Kuwaiti Dinar/US Dollar (FOREX:KWDUSD)
Sidelines Mode (-55) - KWDUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid KWDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for KWDUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KWDUSD
The long-term trend has been DOWN since Aug 21st, 2023 at 3.2468316
The intermediate-term trend has been DOWN since Dec 4th, 2023 at 3.2371140
The short-term trend has been UP since Dec 6th, 2023 at 3.2392168
Smart Scan Analysis for KWDUSD
Based on our trend formula, KWDUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).