Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
Kazakhstan Tenge/US Dollar (FOREX:KZTUSD)
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 KZTUSD
The long term trend has been UP since Dec 20th, 2019 at 0.00260600
The intermediate term trend has been UP since Oct 24th, 2019 at 0.00256700
The short term trend has been UP since Jan 6th, 2020 at 0.00261212
Smart Scan Analysis for KZTUSD
Based on a pre-defined weighted trend formula for chart analysis, KZTUSD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).