Forex Trend Analysis Report
Prepared for you on Monday, December 9, 2019.
US Dollar/ (FOREX:USDCLF)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 USDCLF
The long term trend has been UP since Apr 22nd, 2019 at 0.02408900
The intermediate term trend has been UP since Oct 22nd, 2019 at 0.02644600
The short term trend has been UP since Dec 9th, 2019 at 0.02872462
Smart Scan Analysis for USDCLF
Based on a pre-defined weighted trend formula for chart analysis, USDCLF scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).