Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
US Dollar/Cambodian Riel (FOREX:USDKHR)
Strong Downtrend (-100) - USDKHR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDKHR continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDKHR?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDKHR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDKHR
The long-term trend has been DOWN since Sep 18th, 2023 at 4097.4721
The intermediate-term trend has been DOWN since Nov 3rd, 2023 at 4127.7943
The short-term trend has been DOWN since Dec 4th, 2023 at 4119.5000
Smart Scan Analysis for USDKHR
Based on our trend formula, USDKHR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).