Forex Trend Analysis Report
Prepared for you on Saturday, October 19, 2019.
US Dollar/Gambian Dalasi (FOREX:USDGMD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 USDGMD
The long term trend has been UP since Jun 12th, 2019 at 49.765
The intermediate term trend has been UP since Oct 16th, 2019 at 50.395
The short term trend has been UP since Oct 16th, 2019 at 50.205
Smart Scan Analysis for USDGMD
Based on a pre-defined weighted trend formula for chart analysis, USDGMD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).