Forex Trend Analysis Report
Prepared for you on Friday, June 22, 2018.
US Dollar/ (FOREX:USDRSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 USDRSD
The long term trend has been UP since May 1st, 2018 at 97.9435
The intermediate term trend has been UP since Apr 23rd, 2018 at 96.6500
The short term trend has been DOWN since Jun 22nd, 2018 at 101.3700
Smart Scan Analysis for USDRSD
Based on a pre-defined weighted trend formula for chart analysis, USDRSD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).