Forex Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
US Dollar/Brunei Dollar (FOREX:USDBND)
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 USDBND
The long term trend has been UP since Sep 2nd, 2019 at 1.3849500
The intermediate term trend has been UP since Nov 28th, 2019 at 1.3631945
The short term trend has been DOWN since Dec 3rd, 2019 at 1.3640963
Smart Scan Analysis for USDBND
Based on a pre-defined weighted trend formula for chart analysis, USDBND scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).