Forex Trend Analysis Report
Prepared for you on Sunday, February 17, 2019.
/US Dollar (FOREX:GYDUSD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 GYDUSD
The long term trend has been DOWN since Jan 2nd, 2019 at 0.004756
The intermediate term trend has been DOWN since Feb 10th, 2019 at 0.004786
The short term trend has been UP since Feb 12th, 2019 at 0.004791
Smart Scan Analysis for GYDUSD
Based on a pre-defined weighted trend formula for chart analysis, GYDUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).