Forex Trend Analysis Report
Prepared for you on Thursday, October 17, 2019.
US Dollar/Bosnia-Herzegovina Mark (FOREX:USDBAM)
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 USDBAM
The long term trend has been UP since Aug 1st, 2019 at 1.7572
The intermediate term trend has been UP since Sep 25th, 2019 at 1.7838
The short term trend has been UP since Sep 22nd, 2019 at 1.7733
Smart Scan Analysis for USDBAM
Based on a pre-defined weighted trend formula for chart analysis, USDBAM scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).