Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
US Dollar/ (FOREX:USDKGS)
Crossroads (-60) - USDKGS is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDKGS?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDKGS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDKGS
The long-term trend has been UP since Jul 17th, 2023 at 87.59
The intermediate-term trend has been DOWN since Nov 20th, 2023 at 89.32
The short-term trend has been DOWN since Nov 20th, 2023 at 89.32
Smart Scan Analysis for USDKGS
Based on our trend formula, USDKGS is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).