Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
Bahamian Dollar/US Dollar (FOREX:BSDUSD)
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 BSDUSD
The long term trend has been UP since Jun 10th, 2018 at 1.003995
The intermediate term trend has been UP since Aug 19th, 2018 at 1.002785
The short term trend has been UP since Aug 13th, 2018 at 1.001340
Smart Scan Analysis for BSDUSD
Based on a pre-defined weighted trend formula for chart analysis, BSDUSD scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).