Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
US Dollar/ (FOREX:USDRON)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 USDRON
The long term trend has been UP since May 2nd, 2018 at 3.86509
The intermediate term trend has been DOWN since Jul 9th, 2018 at 3.96285
The short term trend has been UP since Jul 18th, 2018 at 3.99200
Smart Scan Analysis for USDRON
Based on a pre-defined weighted trend formula for chart analysis, USDRON scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).