Forex Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
US Dollar/Bahamian Dollar (FOREX:USDBSD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management 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 USDBSD
The long term trend has been UP since Jan 2nd, 2019 at 1.00670
The intermediate term trend has been DOWN since Jan 3rd, 2019 at 0.99751
The short term trend has been UP since Jan 10th, 2019 at 0.99995
Smart Scan Analysis for USDBSD
Based on a pre-defined weighted trend formula for chart analysis, USDBSD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).