Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
US Dollar/Comorian Franc (FOREX:USDKMF)
Long-Term Downtrend (-90) - USDKMF is in a strong downtrend that is likely to continue. While USDKMF 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 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.
MarketClub’s Trade Triangles for USDKMF
The long-term trend has been DOWN since Feb 2nd, 2023 at 452.0250
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 461.8505
The short-term trend has been DOWN since Mar 10th, 2023 at 463.8000
Smart Scan Analysis for USDKMF
Based on our trend formula, USDKMF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).