Forex Trend Analysis Report
Prepared for you on Tuesday, July 16, 2019.
US Dollar/Kazakhstan Tenge (FOREX:USDKZT)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 327.99
The intermediate term trend has been DOWN since Jun 21st, 2019 at 378.82
The short term trend has been DOWN since Jul 9th, 2019 at 385.00
Smart Scan Analysis for USDKZT
Based on a pre-defined weighted trend formula for chart analysis, USDKZT scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).