Forex Trend Analysis Report
Prepared for you on Friday, November 22, 2019.
Bosnia-Herzegovina Mark/US Dollar (FOREX:BAMUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management 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 BAMUSD
The long term trend has been DOWN since Aug 1st, 2019 at 0.56909000
The intermediate term trend has been DOWN since Nov 6th, 2019 at 0.56670517
The short term trend has been UP since Nov 18th, 2019 at 0.56287038
Smart Scan Analysis for BAMUSD
Based on a pre-defined weighted trend formula for chart analysis, BAMUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).