Forex Trend Analysis Report
Prepared for you on Saturday, December 16, 2017.
US Dollar/ (FOREX:USDRON)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 Nov 7th, 2017 at 3.97380
The intermediate term trend has been DOWN since Nov 24th, 2017 at 3.90815
The short term trend has been DOWN since Dec 13th, 2017 at 3.92255
Smart Scan Analysis for USDRON
Based on a pre-defined weighted trend formula for chart analysis, USDRON scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).