Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
US Dollar/ (FOREX:USDRSD)
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 USDRSD
The long term trend has been DOWN since Dec 12th, 2019 at 105.07425
The intermediate term trend has been UP since Jan 20th, 2020 at 106.13000
The short term trend has been UP since Jan 17th, 2020 at 105.85000
Smart Scan Analysis for USDRSD
Based on a pre-defined weighted trend formula for chart analysis, USDRSD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).