Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
US Dollar/Brunei Dollar (FOREX:USDBND)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Dec 31st, 2018 at 1.3665
The short term trend has been DOWN since Mar 19th, 2019 at 1.3503
Smart Scan Analysis for USDBND
Based on a pre-defined weighted trend formula for chart analysis, USDBND scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).