Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
/US Dollar (FOREX:TOPUSD)
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 TOPUSD
The long term trend has been UP since Nov 16th, 2018 at 0.4420
The intermediate term trend has been DOWN since Dec 17th, 2018 at 0.4437
The short term trend has been DOWN since Dec 17th, 2018 at 0.4437
Smart Scan Analysis for TOPUSD
Based on a pre-defined weighted trend formula for chart analysis, TOPUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).