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.
MarketClub’s Trade Triangles for USDCLY
The long term trend has been UP since May 7th, 2018 at 6.34790
The intermediate term trend has been UP since Oct 10th, 2018 at 6.86785
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).