Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
Euro/Kazakhstan Tenge (FOREX:EURKZT)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 EURKZT
The long term trend has been UP since Jul 9th, 2018 at 404.30
The intermediate term trend has been DOWN since Apr 24th, 2019 at 425.14
The short term trend has been DOWN since May 15th, 2019 at 425.71
Smart Scan Analysis for EURKZT
Based on a pre-defined weighted trend formula for chart analysis, EURKZT scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).