Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
US Dollar/Gambian Dalasi (FOREX:USDGMD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 USDGMD
The long term trend has been UP since Jun 12th, 2019 at 49.765
The intermediate term trend has been UP since Jan 21st, 2020 at 51.300
The short term trend has been UP since Jan 20th, 2020 at 51.190
Smart Scan Analysis for USDGMD
Based on a pre-defined weighted trend formula for chart analysis, USDGMD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).