Forex Trend Analysis Report
Prepared for you on Saturday, August 17, 2019.
US Dollar/Brunei Dollar (FOREX:USDBND)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 USDBND
The long term trend has been DOWN since Dec 31st, 2018 at 1.36500
The intermediate term trend has been UP since Jul 30th, 2019 at 1.36120
The short term trend has been DOWN since Aug 5th, 2019 at 1.35015
Smart Scan Analysis for USDBND
Based on a pre-defined weighted trend formula for chart analysis, USDBND scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).