Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
US Dollar/Bosnia-Herzegovina Mark (FOREX:USDBAM)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 USDBAM
The long term trend has been UP since May 1st, 2018 at 1.61335
The intermediate term trend has been UP since Aug 2nd, 2018 at 1.67960
The short term trend has been DOWN since Sep 18th, 2018 at 1.68260
Smart Scan Analysis for USDBAM
Based on a pre-defined weighted trend formula for chart analysis, USDBAM scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).