Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
US Dollar/ (FOREX:USDGEL)
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 USDGEL
The long term trend has been DOWN since Dec 6th, 2019 at 2.95
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 2.96
The short term trend has been DOWN since Jan 20th, 2020 at 2.88
Smart Scan Analysis for USDGEL
Based on a pre-defined weighted trend formula for chart analysis, USDGEL scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).