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.
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 UP since Sep 23rd, 2018 at 0.476830
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).