Forex Trend Analysis Report
Prepared for you on Sunday, March 26, 2017.
Bahamian Dollar/US Dollar (FOREX:BSDUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 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 -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).