Forex Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
US Dollar/ (FOREX:USDBYN)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 USDBYN
The long term trend has been UP since Aug 9th, 2018 at 2.02090
The intermediate term trend has been DOWN since Feb 19th, 2019 at 2.14885
The short term trend has been DOWN since Mar 10th, 2019 at 2.13975
Smart Scan Analysis for USDBYN
Based on a pre-defined weighted trend formula for chart analysis, USDBYN scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).