Forex Trend Analysis Report
Prepared for you on Saturday, August 15, 2020.
US Dollar/Comorian Franc (FOREX:USDKMF)
Strong Downtrend (-100) - USDKMF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for USDKMF
The long-term trend has been DOWN since Jul 14th, 2020 at 434.375
The intermediate-term trend has been DOWN since May 20th, 2020 at 449.825
The short-term trend has been DOWN since Jul 14th, 2020 at 434.650
Smart Scan Analysis for USDKMF
Based on our trend formula, USDKMF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).