Forex Trend Analysis Report
Prepared for you on Monday, May 22, 2017.
Bahamian Dollar/US Dollar (FOREX:BSDUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 BSDUSD
The long term trend has been UP since Feb 3rd, 2017 at 1.005075
The intermediate term trend has been UP since May 2nd, 2017 at 0.999980
The short term trend has been UP since May 2nd, 2017 at 0.999690
Smart Scan Analysis for BSDUSD
Based on a pre-defined weighted trend formula for chart analysis, BSDUSD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).