Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
/US Dollar (FOREX:BTNUSD)
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 BTNUSD
The long term trend has been DOWN since Aug 7th, 2019 at 0.01419100
The intermediate term trend has been UP since Jan 12th, 2020 at 0.01407144
The short term trend has been DOWN since Jan 21st, 2020 at 0.01408049
Smart Scan Analysis for BTNUSD
Based on a pre-defined weighted trend formula for chart analysis, BTNUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).