Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
US Dollar/Kazakhstan Tenge (FOREX:USDKZT)
Long-Term Downtrend (-90) - USDKZT is in a strong downtrend that is likely to continue. While USDKZT 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 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 Aug 2nd, 2021 at 425.55395
The intermediate-term trend has been DOWN since Oct 6th, 2021 at 425.32308
The short-term trend has been DOWN since Oct 6th, 2021 at 425.43963
Smart Scan Analysis for USDKZT
Based on our trend formula, USDKZT is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).