Forex Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
/US Dollar (FOREX:SBDUSD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 SBDUSD
The long term trend has been UP since Nov 20th, 2018 at 1.56065
The intermediate term trend has been DOWN since Feb 15th, 2019 at 0.12295
The short term trend has been DOWN since Feb 14th, 2019 at 0.12410
Smart Scan Analysis for SBDUSD
Based on a pre-defined weighted trend formula for chart analysis, SBDUSD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).