Forex Trend Analysis Report
Prepared for you on Wednesday, July 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 DOWN since Jun 23rd, 2019 at 1.71990
The intermediate term trend has been UP since Jul 9th, 2019 at 1.74515
The short term trend has been UP since Jul 2nd, 2019 at 1.72080
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).