Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
/US Dollar (FOREX:SHPUSD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 SHPUSD
The long term trend has been DOWN since Apr 27th, 2018 at 1.38415
The intermediate term trend has been UP since Nov 8th, 2018 at 1.30055
The short term trend has been UP since Nov 1st, 2018 at 1.28835
Smart Scan Analysis for SHPUSD
Based on a pre-defined weighted trend formula for chart analysis, SHPUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).