Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
US Dollar/Comorian Franc (FOREX:USDKMF)
Sidelines Mode (+50) - USDKMF is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDKMF can gain momentum.
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 Jul 14th, 2020 at 434.375
The intermediate-term trend has been UP since Mar 4th, 2021 at 409.500
The short-term trend has been UP since Mar 3rd, 2021 at 406.150
Smart Scan Analysis for USDKMF
Based on our trend formula, USDKMF is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).