Forex Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
US Dollar/Ukrainian Hryvnia (FOREX:USDUAH)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 USDUAH
The long term trend has been UP since Jun 20th, 2018 at 26.4685
The intermediate term trend has been DOWN since Oct 7th, 2018 at 28.0620
The short term trend has been DOWN since Oct 4th, 2018 at 28.1955
Smart Scan Analysis for USDUAH
Based on a pre-defined weighted trend formula for chart analysis, USDUAH scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).