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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.

FOREX_SLLUSD
Open High Low SLLUSD Price Change
0.00010252 0.00010252 0.00010252 0.00010252 0.00000000
Entry Signal

MarketClub’s Trade Triangles for SLLUSD

long term down The long-term trend has been DOWN since May 8th, 2020 at 0.00010263

intermediate term down The intermediate-term trend has been DOWN since Jun 25th, 2020 at 0.00010252

short term up 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).

-85
Smart Scan Analysis for SLLUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00010252 0.00010252 0.00010252 0.00010252 0.00000000
Prev. Close Volume Bid Ask Time
0.00010252 0.00010142 0.00010363 2020-07-30 11:27:39
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