Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
/US Dollar (FOREX:SDGUSD)
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 SDGUSD
The long term trend has been UP since Apr 28th, 2019 at 0.02118100
The intermediate term trend has been UP since Nov 17th, 2019 at 0.02217932
The short term trend has been DOWN since Dec 2nd, 2019 at 0.02217346
Smart Scan Analysis for SDGUSD
Based on a pre-defined weighted trend formula for chart analysis, SDGUSD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).