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Forex Trend Analysis Report

Prepared for you on Thursday, October 18, 2018.

/US Dollar (FOREX:BYNUSD)

Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.

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.

FOREX_BYNUSD
Open High Low BYNUSD Price Change
0.466565 0.466565 0.466565 0.466565 0.000000
Entry Signal

MarketClub’s Trade Triangles for BYNUSD

long term down The long term trend has been DOWN since Aug 9th, 2018 at 0.494835

intermediate term up The intermediate term trend has been UP since Sep 23rd, 2018 at 0.476830

short term up The short term trend has been UP since Oct 9th, 2018 at 0.465740

Smart Scan Analysis for BYNUSD

Based on a pre-defined weighted trend formula for chart analysis, BYNUSD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+50
Smart Scan Analysis for BYNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.466565 0.466565 0.466565 0.466565 0.000000
Prev. Close Volume Bid Ask Time
0.466565 0.465620 0.467510 2018-10-09 21:28:13
Want to analyze /US Dollar BYNUSD or another symbol? Try our Free Forex Trend Analysis Report.