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Forex Trend Analysis Report

Prepared for you on Friday, November 8, 2024.

US Dollar/Cambodian Riel (FOREX:USDKHR)

Long-Term Downtrend (-90) - USDKHR is in a strong downtrend that is likely to continue. While USDKHR 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 USDKHR?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDKHR.

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FOREX_USDKHR
Open High Low USDKHR Price Change
4062.9059 4067.5000 4062.9059 4067.5000 +4.5941
Entry Signal

MarketClub’s Trade Triangles for USDKHR

long term down The long-term trend has been DOWN since Jun 18th, 2024 at 4030.7323

intermediate term down The intermediate-term trend has been DOWN since Oct 16th, 2024 at 4060.0000

short term down The short-term trend has been DOWN since Nov 8th, 2024 at 4065.0000

Smart Scan Analysis for USDKHR

Based on our trend formula, USDKHR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for USDKHR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4062.9059 4067.5000 4062.9059 4067.5000 +4.5941
Prev. Close Volume Bid Ask Time
4062.9059 2024-11-08 12:43:25
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