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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.

FOREX_BYNUSD
Open High Low BYNUSD Price Change
0.48985 0.48985 0.48985 0.48985 0.00000
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 down The intermediate term trend has been DOWN since Jul 26th, 2018 at 0.501765

short term up 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).

-75
Smart Scan Analysis for BYNUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.48985 0.48985 0.48985 0.48985 0.00000
Prev. Close Volume Bid Ask Time
0.48985 0.48880 0.49090 2018-08-19 20:22:59
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