Forex Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
US Dollar/Cambodian Riel (FOREX:USDKHR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 USDKHR
The long term trend has been DOWN since Nov 14th, 2018 at 4025.80
The intermediate term trend has been DOWN since Mar 5th, 2019 at 3850.00
The short term trend has been UP since Mar 24th, 2019 at 4003.05
Smart Scan Analysis for USDKHR
Based on a pre-defined weighted trend formula for chart analysis, USDKHR scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).