Forex Trend Analysis Report
Prepared for you on Wednesday, January 23, 2019.
Euro/Kazakhstan Tenge (FOREX:EURKZT)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 EURKZT
The long term trend has been UP since Jul 9th, 2018 at 404.30
The intermediate term trend has been UP since Dec 2nd, 2018 at 424.27
The short term trend has been DOWN since Jan 21st, 2019 at 433.02
Smart Scan Analysis for EURKZT
Based on a pre-defined weighted trend formula for chart analysis, EURKZT scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).