Forex Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
/US Dollar (FOREX:SHPUSD)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 SHPUSD
The long term trend has been DOWN since Apr 27th, 2018 at 1.38415
The intermediate term trend has been UP since Sep 14th, 2018 at 1.29130
The short term trend has been UP since Aug 22nd, 2018 at 1.27465
Smart Scan Analysis for SHPUSD
Based on a pre-defined weighted trend formula for chart analysis, SHPUSD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).