Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
US Dollar/Kuwaiti Dinar (FOREX:USDKWD)
Long-Term Downtrend (-90) - USDKWD is in a strong downtrend that is likely to continue. While USDKWD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDKWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDKWD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDKWD
The long-term trend has been DOWN since Nov 30th, 2020 at 0.30512
The intermediate-term trend has been DOWN since Mar 16th, 2021 at 0.30195
The short-term trend has been DOWN since Apr 2nd, 2021 at 0.30205
Smart Scan Analysis for USDKWD
Based on our trend formula, USDKWD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).