Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
US Dollar/Comorian Franc (FOREX:USDKMF)
Sidelines Mode (+55) - USDKMF 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 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 UP since Sep 6th, 2023 at 460.50
The intermediate-term trend has been DOWN since Nov 6th, 2023 at 464.05
The short-term trend has been UP since Nov 30th, 2023 at 450.60
Smart Scan Analysis for USDKMF
Based on our trend formula, USDKMF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).