Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
US Dollar/Special Drawing Right (FOREX:USDSDR)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 USDSDR
The long term trend has been DOWN since Nov 3rd, 2019 at 0.7255411
The intermediate term trend has been DOWN since Dec 1st, 2019 at 0.7267600
The short term trend has been DOWN since Jan 8th, 2020 at 0.7238090
Smart Scan Analysis for USDSDR
Based on a pre-defined weighted trend formula for chart analysis, USDSDR scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).