Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
US Dollar/Bahamian Dollar (FOREX:USDBSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 USDBSD
The long term trend has been DOWN since Jun 2nd, 2019 at 0.996985
The intermediate term trend has been DOWN since Jun 23rd, 2019 at 0.995200
The short term trend has been UP since Aug 11th, 2019 at 0.999815
Smart Scan Analysis for USDBSD
Based on a pre-defined weighted trend formula for chart analysis, USDBSD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).