Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
US Dollar/ (FOREX:USDKGS)
Sidelines Mode (+55) - USDKGS 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 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 Oct 14th, 2022 at 83.1740
The intermediate-term trend has been UP since Oct 14th, 2022 at 81.5656
The short-term trend has been DOWN since Mar 14th, 2023 at 87.4200
Smart Scan Analysis for USDKGS
Based on our trend formula, USDKGS is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).