Forex Trend Analysis Report
Prepared for you on Thursday, March 23, 2023.
US Dollar/Cambodian Riel (FOREX:USDKHR)
Countertrend Down (-85) - USDKHR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Feb 19th, 2023 at 4064.7068
The intermediate-term trend has been DOWN since Jan 16th, 2023 at 4112.7437
The short-term trend has been UP since Mar 15th, 2023 at 4050.0000
Smart Scan Analysis for USDKHR
Based on our trend formula, USDKHR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).