Forex Trend Analysis Report
Prepared for you on Tuesday, January 28, 2020.
US Dollar/ (FOREX:USDSDG)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 USDSDG
The long term trend has been UP since Dec 15th, 2019 at 45.292
The intermediate term trend has been UP since Jan 21st, 2020 at 45.150
The short term trend has been DOWN since Jan 28th, 2020 at 45.300
Smart Scan Analysis for USDSDG
Based on a pre-defined weighted trend formula for chart analysis, USDSDG scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).