Forex Trend Analysis Report
Prepared for you on Wednesday, June 28, 2017.
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 Feb 3rd, 2017 at 1.005075
The intermediate term trend has been UP since Jun 25th, 2017 at 0.997210
The short term trend has been UP since Jun 25th, 2017 at 1.000155
Smart Scan Analysis for BSDUSD
Based on a pre-defined weighted trend formula for chart analysis, BSDUSD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).