Forex Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
US Dollar/Kazakhstan Tenge (FOREX:USDKZT)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDKZT
The long term trend has been UP since May 1st, 2018 at 327.990
The intermediate term trend has been DOWN since Feb 11th, 2019 at 377.030
The short term trend has been DOWN since Feb 19th, 2019 at 376.175
Smart Scan Analysis for USDKZT
Based on a pre-defined weighted trend formula for chart analysis, USDKZT scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).