Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
US Dollar/Gambian Dalasi (FOREX:USDGMD)
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 USDGMD
The long term trend has been UP since Jun 12th, 2019 at 49.765
The intermediate term trend has been UP since Dec 5th, 2019 at 51.310
The short term trend has been UP since Dec 3rd, 2019 at 51.300
Smart Scan Analysis for USDGMD
Based on a pre-defined weighted trend formula for chart analysis, USDGMD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).