Forex Trend Analysis Report
Prepared for you on Tuesday, December 11, 2018.
/US Dollar (FOREX:SBDUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 SBDUSD
The long term trend has been UP since Nov 20th, 2018 at 1.56065
The intermediate term trend has been DOWN since Nov 27th, 2018 at 0.12190
The short term trend has been UP since Dec 5th, 2018 at 0.12250
Smart Scan Analysis for SBDUSD
Based on a pre-defined weighted trend formula for chart analysis, SBDUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).