Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
US Dollar/ (FOREX:USDCLY)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 DOWN since Dec 4th, 2018 at 6.8500
The intermediate term trend has been DOWN since Nov 2nd, 2018 at 6.9225
The short term trend has been UP since Dec 11th, 2018 at 6.8825
Smart Scan Analysis for USDCLY
Based on a pre-defined weighted trend formula for chart analysis, USDCLY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).