Forex Trend Analysis Report
Prepared for you on Monday, May 20, 2019.
US Dollar/Bosnia-Herzegovina Mark (FOREX:USDBAM)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 May 1st, 2018 at 1.61335
The intermediate term trend has been UP since Apr 24th, 2019 at 1.74630
The short term trend has been UP since May 19th, 2019 at 1.74515
Smart Scan Analysis for USDBAM
Based on a pre-defined weighted trend formula for chart analysis, USDBAM scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).