Forex Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
/US Dollar (FOREX:SBDUSD)
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 SBDUSD
The long term trend has been DOWN since Sep 21st, 2018 at 0.12530
The intermediate term trend has been DOWN since Sep 14th, 2018 at 1.56065
The short term trend has been UP since Oct 1st, 2018 at 0.12550
Smart Scan Analysis for SBDUSD
Based on a pre-defined weighted trend formula for chart analysis, SBDUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).