Forex Trend Analysis Report
Prepared for you on Saturday, January 20, 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 UP since Jan 31st, 2017 at 926.212
The intermediate term trend has been DOWN since Jan 15th, 2018 at 12837.986
The short term trend has been DOWN since Jan 15th, 2018 at 12837.986
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).