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Forex Trend Analysis Report

Prepared for you on Saturday, February 16, 2019.

/US Dollar (FOREX:SHPUSD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_SHPUSD
Open High Low SHPUSD Price Change
1.28025 1.28920 1.28025 1.28920 +0.00895
Entry Signal

MarketClub’s Trade Triangles for SHPUSD

long term up The long term trend has been UP since Jan 30th, 2019 at 1.32105

intermediate term down The intermediate term trend has been DOWN since Feb 14th, 2019 at 1.29555

short term down The short term trend has been DOWN since Feb 1st, 2019 at 1.31615

Smart Scan Analysis for SHPUSD

Based on a pre-defined weighted trend formula for chart analysis, SHPUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for SHPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.28025 1.28920 1.28025 1.28920 +0.00895
Prev. Close Volume Bid Ask Time
1.28025 1.28870 1.28970 2019-02-15 18:22:06
Want to analyze /US Dollar SHPUSD or another symbol? Try our Free Forex Trend Analysis Report.