Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
US Dollar/ (FOREX:USDGYD)
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 USDGYD
The long term trend has been DOWN since Oct 8th, 2018 at 207.21
The intermediate term trend has been DOWN since Sep 30th, 2018 at 208.56
The short term trend has been UP since Oct 18th, 2018 at 208.64
Smart Scan Analysis for USDGYD
Based on a pre-defined weighted trend formula for chart analysis, USDGYD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).