Forex Trend Analysis Report
Prepared for you on Tuesday, January 28, 2020.
US Dollar/Bitcoin (FOREX:USDBTC)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 USDBTC
The long term trend has been DOWN since Oct 23rd, 2019 at 7753.739
The intermediate term trend has been UP since Jan 6th, 2020 at 7636.688
The short term trend has been UP since Jan 27th, 2020 at 8676.950
Smart Scan Analysis for USDBTC
Based on a pre-defined weighted trend formula for chart analysis, USDBTC scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).