Forex Trend Analysis Report
Prepared for you on Friday, October 15, 2021.
US Dollar/ (FOREX:USDSDG)
Sidelines Mode (+55) - USDSDG is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDSDG?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDSDG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDSDG
The long-term trend has been UP since Feb 23rd, 2021 at 55.5
The intermediate-term trend has been DOWN since Aug 23rd, 2021 at 446.0
The short-term trend has been UP since Oct 8th, 2021 at 441.0
Smart Scan Analysis for USDSDG
Based on our trend formula, USDSDG is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).