Forex Trend Analysis Report
Prepared for you on Saturday, August 17, 2019.
Palladium/US Dollar (FOREX:XPDUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 XPDUSD
The long term trend has been UP since Jul 3rd, 2019 at 1565.5
The intermediate term trend has been DOWN since Jul 18th, 2019 at 1512.5
The short term trend has been UP since Aug 13th, 2019 at 1440.5
Smart Scan Analysis for XPDUSD
Based on a pre-defined weighted trend formula for chart analysis, XPDUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).