Forex Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
US Dollar/ (FOREX:USDBTC)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 USDBTC
The long term trend has been DOWN since Feb 5th, 2018 at 6225.7780
The intermediate term trend has been DOWN since Aug 8th, 2018 at 6221.0314
The short term trend has been UP since Aug 15th, 2018 at 6494.0898
Smart Scan Analysis for USDBTC
Based on a pre-defined weighted trend formula for chart analysis, USDBTC scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).