Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
/US Dollar (FOREX:BYNUSD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 BYNUSD
The long term trend has been DOWN since Sep 1st, 2019 at 0.47751500
The intermediate term trend has been DOWN since Jan 6th, 2020 at 0.47363422
The short term trend has been DOWN since Dec 30th, 2019 at 0.47716635
Smart Scan Analysis for BYNUSD
Based on a pre-defined weighted trend formula for chart analysis, BYNUSD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).