Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
US Dollar/ (FOREX:USDCLF)
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 USDCLF
The long term trend has been UP since Apr 22nd, 2019 at 0.024089
The intermediate term trend has been DOWN since Jun 20th, 2019 at 0.025015
The short term trend has been UP since Jul 16th, 2019 at 0.024731
Smart Scan Analysis for USDCLF
Based on a pre-defined weighted trend formula for chart analysis, USDCLF scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).