Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
US Dollar/ (FOREX:USDBYN)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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 USDBYN
The long term trend has been UP since Sep 1st, 2019 at 2.0942000
The intermediate term trend has been UP since Oct 27th, 2019 at 2.0490260
The short term trend has been UP since Nov 24th, 2019 at 2.0515853
Smart Scan Analysis for USDBYN
Based on a pre-defined weighted trend formula for chart analysis, USDBYN scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).