Forex Trend Analysis Report
Prepared for you on Thursday, June 20, 2019.
Palladium/US Dollar (FOREX:XPDUSD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 XPDUSD
The long term trend has been DOWN since May 1st, 2019 at 1328.0
The intermediate term trend has been UP since May 30th, 2019 at 1366.5
The short term trend has been UP since Jun 7th, 2019 at 1351.5
Smart Scan Analysis for XPDUSD
Based on a pre-defined weighted trend formula for chart analysis, XPDUSD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).