Forex Trend Analysis Report
Prepared for you on Monday, July 22, 2019.
/US Dollar (FOREX:RSDUSD)
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 RSDUSD
The long term trend has been DOWN since May 1st, 2018 at 0.010210
The intermediate term trend has been UP since Jun 3rd, 2019 at 0.009552
The short term trend has been DOWN since Jul 16th, 2019 at 0.009545
Smart Scan Analysis for RSDUSD
Based on a pre-defined weighted trend formula for chart analysis, RSDUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).