Forex Trend Analysis Report
Prepared for you on Sunday, October 1, 2023.
US Dollar/ (FOREX:USDBTN)
Countertrend Up (+85) - USDBTN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid USDBTN?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDBTN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDBTN
The long-term trend has been UP since Aug 13th, 2023 at 82.86532
The intermediate-term trend has been UP since Jul 31st, 2023 at 81.99371
The short-term trend has been UP since Aug 30th, 2023 at 82.64702
Smart Scan Analysis for USDBTN
Based on our trend formula, USDBTN is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).