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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.

FOREX_SHPUSD
Open High Low SHPUSD Price Change
1.30125 1.30125 1.29790 1.29820 -0.00305
Entry Signal

MarketClub’s Trade Triangles for SHPUSD

long term down The long term trend has been DOWN since Apr 27th, 2018 at 1.38415

intermediate term up The intermediate term trend has been UP since Nov 8th, 2018 at 1.30055

short term up 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).

-60
Smart Scan Analysis for SHPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.30125 1.30125 1.29790 1.29820 -0.00305
Prev. Close Volume Bid Ask Time
1.30125 1.29770 1.29870 2018-11-14 13:44:15
Want to analyze /US Dollar SHPUSD or another symbol? Try our Free Forex Trend Analysis Report.