Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2019.
Barbadian Dollar/US Dollar (FOREX:BBDUSD)
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 BBDUSD
The long term trend has been DOWN since Jun 16th, 2019 at 0.49875500
The intermediate term trend has been UP since Nov 17th, 2019 at 0.49634243
The short term trend has been UP since Nov 17th, 2019 at 0.49556500
Smart Scan Analysis for BBDUSD
Based on a pre-defined weighted trend formula for chart analysis, BBDUSD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).