Forex Trend Analysis Report
Prepared for you on Monday, August 3, 2020.
/US Dollar (FOREX:SLLUSD)
Countertrend Down (-85) - SLLUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid SLLUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SLLUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SLLUSD
The long-term trend has been DOWN since May 8th, 2020 at 0.00010263
The intermediate-term trend has been DOWN since Jun 25th, 2020 at 0.00010252
The short-term trend has been UP since Jul 28th, 2020 at 0.00010252
Smart Scan Analysis for SLLUSD
Based on our trend formula, SLLUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).