Forex Trend Analysis Report
Prepared for you on Friday, January 18, 2019.
Trinidad and Tobago Dollar/ (FOREX:TTDSRD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 TTDSRD
The long term trend has been DOWN since Dec 25th, 2018 at 1.0930
The intermediate term trend has been DOWN since Jan 17th, 2019 at 1.0920
The short term trend has been DOWN since Jan 17th, 2019 at 1.0935
Smart Scan Analysis for TTDSRD
Based on a pre-defined weighted trend formula for chart analysis, TTDSRD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).