Forex Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
US Dollar/ (FOREX:USDRSD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 USDRSD
The long term trend has been UP since May 1st, 2018 at 97.9435
The intermediate term trend has been DOWN since Dec 19th, 2018 at 103.4100
The short term trend has been UP since Jan 14th, 2019 at 103.3800
Smart Scan Analysis for USDRSD
Based on a pre-defined weighted trend formula for chart analysis, USDRSD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).