Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
Euro/Kuwaiti Dinar (FOREX:EURKWD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
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 EURKWD
The long term trend has been DOWN since May 2nd, 2018 at 0.36350
The intermediate term trend has been UP since Mar 20th, 2019 at 0.34634
The short term trend has been DOWN since Mar 22nd, 2019 at 0.34431
Smart Scan Analysis for EURKWD
Based on a pre-defined weighted trend formula for chart analysis, EURKWD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).