Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
Bahamian Dollar/US Dollar (FOREX:BSDUSD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 BSDUSD
The long term trend has been UP since Nov 18th, 2018 at 1.007200
The intermediate term trend has been DOWN since Nov 20th, 2018 at 0.995525
The short term trend has been UP since Dec 6th, 2018 at 1.001735
Smart Scan Analysis for BSDUSD
Based on a pre-defined weighted trend formula for chart analysis, BSDUSD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).