Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
Saudi Arabian Riyal/Kuwaiti Dinar (FOREX:SARKWD)
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 SARKWD
The long term trend has been UP since Aug 10th, 2018 at 0.080945
The intermediate term trend has been UP since Jan 30th, 2019 at 0.081146
The short term trend has been DOWN since Feb 18th, 2019 at 0.080940
Smart Scan Analysis for SARKWD
Based on a pre-defined weighted trend formula for chart analysis, SARKWD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).