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Forex Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

US Dollar/Comorian Franc (FOREX:USDKMF)

Sidelines Mode (+55) - USDKMF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid USDKMF?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDKMF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low USDKMF Price Change
454.85 454.85 454.85 454.85 0.00
Entry Signal

MarketClub’s Trade Triangles for USDKMF

long term up The long-term trend has been UP since Apr 16th, 2024 at 459.675

intermediate term down The intermediate-term trend has been DOWN since May 6th, 2024 at 458.875

short term up The short-term trend has been UP since May 23rd, 2024 at 453.950

Smart Scan Analysis for USDKMF

Based on our trend formula, USDKMF is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for USDKMF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
454.85 454.85 454.85 454.85 0.00
Prev. Close Volume Bid Ask Time
454.85 2024-05-23 12:39:45
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