Forex Trend Analysis Report
Prepared for you on Wednesday, November 13, 2019.
US Dollar/ (FOREX:USDKGS)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 USDKGS
The long term trend has been DOWN since Apr 19th, 2019 at 69.7000
The intermediate term trend has been UP since Oct 21st, 2019 at 69.6656
The short term trend has been UP since Oct 22nd, 2019 at 69.7973
Smart Scan Analysis for USDKGS
Based on a pre-defined weighted trend formula for chart analysis, USDKGS scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).