Forex Trend Analysis Report
Prepared for you on Sunday, April 21, 2019.
US Dollar/ (FOREX:USDGIP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 USDGIP
The long term trend has been DOWN since Feb 1st, 2019 at 0.759855
The intermediate term trend has been UP since Apr 18th, 2019 at 0.767960
The short term trend has been UP since Apr 17th, 2019 at 0.765460
Smart Scan Analysis for USDGIP
Based on a pre-defined weighted trend formula for chart analysis, USDGIP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).