Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
US Dollar/ (FOREX:USDSLL)
Sidelines Mode (+55) - USDSLL 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 USDSLL?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDSLL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDSLL
The long-term trend has been UP since May 8th, 2020 at 9745.0
The intermediate-term trend has been UP since Aug 4th, 2021 at 10255.0
The short-term trend has been DOWN since Oct 18th, 2021 at 10637.5
Smart Scan Analysis for USDSLL
Based on our trend formula, USDSLL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).