Forex Trend Analysis Report
Prepared for you on Monday, June 24, 2019.
US Dollar/Barbadian Dollar (FOREX:USDBBD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 USDBBD
The long term trend has been UP since Jun 16th, 2019 at 2.00600
The intermediate term trend has been UP since Jun 13th, 2019 at 2.00215
The short term trend has been DOWN since Jun 19th, 2019 at 2.00300
Smart Scan Analysis for USDBBD
Based on a pre-defined weighted trend formula for chart analysis, USDBBD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).