Forex Trend Analysis Report
Prepared for you on Monday, June 17, 2019.
US Dollar/Kazakhstan Tenge (FOREX:USDKZT)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 UP since May 28th, 2019 at 381.20
The short term trend has been UP since Jun 12th, 2019 at 383.51
Smart Scan Analysis for USDKZT
Based on a pre-defined weighted trend formula for chart analysis, USDKZT scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).