Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
US Dollar/ (FOREX:USDGEL)
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 USDGEL
The long term trend has been UP since Apr 10th, 2019 at 2.690
The intermediate term trend has been UP since Jul 18th, 2019 at 2.855
The short term trend has been DOWN since Aug 9th, 2019 at 2.935
Smart Scan Analysis for USDGEL
Based on a pre-defined weighted trend formula for chart analysis, USDGEL scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).