Forex Trend Analysis Report
Prepared for you on Sunday, October 21, 2018.
US Dollar/ (FOREX:USDBTC)
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 USDBTC
The long term trend has been DOWN since Feb 5th, 2018 at 6225.7780
The intermediate term trend has been UP since Oct 15th, 2018 at 6784.8280
The short term trend has been UP since Oct 15th, 2018 at 6278.5872
Smart Scan Analysis for USDBTC
Based on a pre-defined weighted trend formula for chart analysis, USDBTC scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).