Forex Trend Analysis Report
Prepared for you on Friday, October 18, 2019.
US Dollar/Jordanian Dinar (FOREX:USDJOD)
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 USDJOD
The long term trend has been UP since Sep 2nd, 2019 at 0.709
The intermediate term trend has been UP since Sep 2nd, 2019 at 0.709
The short term trend has been DOWN since Oct 17th, 2019 at 0.709
Smart Scan Analysis for USDJOD
Based on a pre-defined weighted trend formula for chart analysis, USDJOD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).