Forex Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
/US Dollar (FOREX:BYNUSD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 BYNUSD
The long term trend has been DOWN since Aug 9th, 2018 at 0.494835
The intermediate term trend has been DOWN since Jul 26th, 2018 at 0.501765
The short term trend has been UP since Aug 19th, 2018 at 0.487995
Smart Scan Analysis for BYNUSD
Based on a pre-defined weighted trend formula for chart analysis, BYNUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).