Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Kazakhstan Tenge/US Dollar (FOREX:KZTUSD)
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 KZTUSD
The long term trend has been DOWN since Apr 12th, 2018 at 0.0030850
The intermediate term trend has been UP since Oct 24th, 2019 at 0.0025670
The short term trend has been DOWN since Dec 3rd, 2019 at 0.0025863
Smart Scan Analysis for KZTUSD
Based on a pre-defined weighted trend formula for chart analysis, KZTUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).