Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
US Dollar/Brunei Dollar (FOREX:USDBND)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 1.3650
The intermediate term trend has been UP since May 28th, 2019 at 1.3802
The short term trend has been DOWN since Jun 18th, 2019 at 1.3503
Smart Scan Analysis for USDBND
Based on a pre-defined weighted trend formula for chart analysis, USDBND scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).