Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
US Dollar/Kuwaiti Dinar (FOREX:USDKWD)
Sidelines Mode (+55) - USDKWD 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 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 UP since Sep 28th, 2021 at 0.30146
The intermediate-term trend has been UP since Aug 19th, 2021 at 0.30104
The short-term trend has been DOWN since Oct 21st, 2021 at 0.30150
Smart Scan Analysis for USDKWD
Based on our trend formula, USDKWD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).