Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
Bahamian Dollar/US Dollar (FOREX:BSDUSD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 BSDUSD
The long term trend has been UP since Jan 9th, 2019 at 1.00730
The intermediate term trend has been UP since Jan 3rd, 2019 at 1.00255
The short term trend has been UP since Feb 19th, 2019 at 1.00270
Smart Scan Analysis for BSDUSD
Based on a pre-defined weighted trend formula for chart analysis, BSDUSD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).