Forex Trend Analysis Report
Prepared for you on Monday, April 24, 2017.
Bahamian Dollar/US Dollar (FOREX:BSDUSD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 BSDUSD
The long term trend has been UP since Feb 3rd, 2017 at 1.005075
The intermediate term trend has been DOWN since Mar 20th, 2017 at 0.999065
The short term trend has been DOWN since Mar 20th, 2017 at 0.999065
Smart Scan Analysis for BSDUSD
Based on a pre-defined weighted trend formula for chart analysis, BSDUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).