Forex Trend Analysis Report
Prepared for you on Wednesday, December 11, 2019.
Euro/Kazakhstan Tenge (FOREX:EURKZT)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 EURKZT
The long term trend has been UP since Oct 21st, 2019 at 434.53
The intermediate term trend has been UP since Dec 3rd, 2019 at 428.95
The short term trend has been UP since Dec 3rd, 2019 at 425.55
Smart Scan Analysis for EURKZT
Based on a pre-defined weighted trend formula for chart analysis, EURKZT scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).