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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.

FOREX_USDRSD
Open High Low USDRSD Price Change
106.750 106.930 106.675 106.895 +0.145
Entry Signal

MarketClub’s Trade Triangles for USDRSD

long term down The long term trend has been DOWN since Dec 12th, 2019 at 105.07425

intermediate term up The intermediate term trend has been UP since Jan 20th, 2020 at 106.13000

short term up 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).

+70
Smart Scan Analysis for USDRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
106.750 106.930 106.675 106.895 +0.145
Prev. Close Volume Bid Ask Time
106.750 106.395 107.395 2020-01-29 07:06:31
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