Forex Trend Analysis Report
Prepared for you on Monday, September 16, 2019.
US Dollar/Cambodian Riel (FOREX:USDKHR)
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 USDKHR
The long term trend has been UP since Apr 21st, 2019 at 4050.90
The intermediate term trend has been UP since Aug 6th, 2019 at 4088.95
The short term trend has been UP since Sep 8th, 2019 at 4092.55
Smart Scan Analysis for USDKHR
Based on a pre-defined weighted trend formula for chart analysis, USDKHR scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).