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Forex Trend Analysis Report

Prepared for you on Tuesday, July 16, 2024.

US Dollar/Comorian Franc (FOREX:USDKMF)

Weak Downtrend (-65) - USDKMF is showing signs of a strengthening downtrend. Monitor USDKMF as it may be building momentum to the downside.

Is it time to buy, sell, or avoid USDKMF?

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

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDKMF
Open High Low USDKMF Price Change
454.15 454.15 453.30 453.30 -0.85
Entry Signal

MarketClub’s Trade Triangles for USDKMF

long term up The long-term trend has been UP since Apr 16th, 2024 at 459.675

intermediate term down The intermediate-term trend has been DOWN since Jul 5th, 2024 at 456.875

short term down The short-term trend has been DOWN since Jul 3rd, 2024 at 459.850

Smart Scan Analysis for USDKMF

Based on our trend formula, USDKMF is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDKMF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
454.15 454.15 453.30 453.30 -0.85
Prev. Close Volume Bid Ask Time
453.30 2024-07-11 18:06:53
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