Forex Trend Analysis Report
Prepared for you on Wednesday, September 18, 2019.
Brunei Dollar/US Dollar (FOREX:BNDUSD)
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 BNDUSD
The long term trend has been DOWN since Sep 2nd, 2019 at 0.722255
The intermediate term trend has been DOWN since Sep 2nd, 2019 at 0.722255
The short term trend has been UP since Sep 17th, 2019 at 0.740695
Smart Scan Analysis for BNDUSD
Based on a pre-defined weighted trend formula for chart analysis, BNDUSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).