Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
/US Dollar (FOREX:LRDUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 LRDUSD
The long term trend has been UP since Nov 14th, 2019 at 0.00493000
The intermediate term trend has been DOWN since Jan 6th, 2020 at 0.00531573
The short term trend has been DOWN since Jan 3rd, 2020 at 0.00531930
Smart Scan Analysis for LRDUSD
Based on a pre-defined weighted trend formula for chart analysis, LRDUSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).