Forex Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
Special Drawing Right/US Dollar (FOREX:SDRUSD)
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 SDRUSD
The long term trend has been DOWN since May 1st, 2018 at 1.4416
The intermediate term trend has been DOWN since Oct 3rd, 2018 at 1.3905
The short term trend has been UP since Nov 14th, 2018 at 1.3847
Smart Scan Analysis for SDRUSD
Based on a pre-defined weighted trend formula for chart analysis, SDRUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).