Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
Special Drawing Right/US Dollar (FOREX:SDRUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 SDRUSD
The long term trend has been DOWN since May 1st, 2018 at 1.4416
The intermediate term trend has been DOWN since Jun 24th, 2018 at 1.4116
The short term trend has been UP since Jul 4th, 2018 at 1.4074
Smart Scan Analysis for SDRUSD
Based on a pre-defined weighted trend formula for chart analysis, SDRUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).