Forex Trend Analysis Report
Prepared for you on Tuesday, July 23, 2019.
/US Dollar (FOREX:BTNUSD)
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 BTNUSD
The long term trend has been UP since Dec 31st, 2018 at 0.014349
The intermediate term trend has been UP since Jul 2nd, 2019 at 0.014472
The short term trend has been DOWN since Jul 15th, 2019 at 0.014604
Smart Scan Analysis for BTNUSD
Based on a pre-defined weighted trend formula for chart analysis, BTNUSD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).