Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Kazakhstan Tenge/Euro (FOREX:KZTEUR)
Long-Term Downtrend (-90) - KZTEUR is in a strong downtrend that is likely to continue. While KZTEUR 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 KZTEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for KZTEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for KZTEUR
The long-term trend has been DOWN since Apr 24th, 2023 at 0.00199266
The intermediate-term trend has been DOWN since Nov 19th, 2023 at 0.00199576
The short-term trend has been DOWN since Nov 16th, 2023 at 0.00200252
Smart Scan Analysis for KZTEUR
Based on our trend formula, KZTEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).