Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
US Dollar/ (FOREX:USDKGS)
Bear Market Rally (-75) - USDKGS is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDKGS as it may be in the beginning of a reversal.
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 DOWN since May 24th, 2021 at 84.2000
The intermediate-term trend has been UP since Aug 6th, 2021 at 84.7585
The short-term trend has been DOWN since Sep 17th, 2021 at 84.7952
Smart Scan Analysis for USDKGS
Based on our trend formula, USDKGS is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).