Forex Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
/US Dollar (FOREX:GYDUSD)
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 GYDUSD
The long term trend has been UP since Oct 8th, 2018 at 0.004834
The intermediate term trend has been DOWN since Nov 20th, 2018 at 0.004775
The short term trend has been DOWN since Dec 11th, 2018 at 0.004788
Smart Scan Analysis for GYDUSD
Based on a pre-defined weighted trend formula for chart analysis, GYDUSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).