Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
US Dollar/Kazakhstan Tenge (FOREX:USDKZT)
Sidelines Mode (+50) - USDKZT is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDKZT can gain momentum.
Is it time to buy, sell, or avoid USDKZT?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDKZT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDKZT
The long-term trend has been DOWN since Dec 8th, 2020 at 421.35413
The intermediate-term trend has been UP since Mar 3rd, 2021 at 418.93469
The short-term trend has been UP since Feb 26th, 2021 at 417.43671
Smart Scan Analysis for USDKZT
Based on our trend formula, USDKZT is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).