Forex Trend Analysis Report
Prepared for you on Sunday, December 16, 2018.
US Dollar/ (FOREX:USDSBD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 USDSBD
The long term trend has been DOWN since Nov 20th, 2018 at 4.288665
The intermediate term trend has been UP since Nov 27th, 2018 at 8.222950
The short term trend has been DOWN since Dec 5th, 2018 at 8.168150
Smart Scan Analysis for USDSBD
Based on a pre-defined weighted trend formula for chart analysis, USDSBD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).