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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

Euro/Kuwaiti Dinar (FOREX:EURKWD)

Sidelines Mode (-55) - EURKWD 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 EURKWD?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURKWD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURKWD
Open High Low EURKWD Price Change
0.33241 0.33241 0.33228 0.33228 -0.00013
Entry Signal

MarketClub’s Trade Triangles for EURKWD

long term down The long-term trend has been DOWN since Apr 12th, 2024 at 0.32979

intermediate term up The intermediate-term trend has been UP since May 6th, 2024 at 0.33164

short term down The short-term trend has been DOWN since May 22nd, 2024 at 0.33280

Smart Scan Analysis for EURKWD

Based on our trend formula, EURKWD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for EURKWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.33241 0.33241 0.33228 0.33228 -0.00013
Prev. Close Volume Bid Ask Time
0.33241 2024-05-23 01:03:10
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