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Forex Trend Analysis Report

Prepared for you on Monday, October 15, 2018.

US Dollar/ (FOREX:USDCLY)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.

FOREX_USDCLY
Open High Low USDCLY Price Change
6.9225 6.9225 6.9225 6.9225 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDCLY

long term up The long term trend has been UP since May 7th, 2018 at 6.34790

intermediate term up The intermediate term trend has been UP since Oct 10th, 2018 at 6.86785

short term up The short term trend has been UP since Oct 10th, 2018 at 6.86785

Smart Scan Analysis for USDCLY

Based on a pre-defined weighted trend formula for chart analysis, USDCLY scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for USDCLY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.9225 6.9225 6.9225 6.9225 0.0000
Prev. Close Volume Bid Ask Time
6.9225 6.9180 6.9270 2018-10-12 18:02:19
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