Forex Trend Analysis Report
Prepared for you on Tuesday, January 28, 2020.
US Dollar/Kazakhstan Tenge (FOREX:USDKZT)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDKZT
The long term trend has been DOWN since Dec 20th, 2019 at 383.81000
The intermediate term trend has been DOWN since Oct 24th, 2019 at 389.51518
The short term trend has been UP since Jan 23rd, 2020 at 378.04961
Smart Scan Analysis for USDKZT
Based on a pre-defined weighted trend formula for chart analysis, USDKZT scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).