Forex Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
Euro/Kazakhstan Tenge (FOREX:EURKZT)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Jul 24th, 2019 at 430.27
The short term trend has been UP since Aug 5th, 2019 at 428.51
Smart Scan Analysis for EURKZT
Based on a pre-defined weighted trend formula for chart analysis, EURKZT scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).