Forex Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
US Dollar/ (FOREX:USDSBD)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 USDSBD
The long term trend has been DOWN since Nov 20th, 2018 at 4.288665
The intermediate term trend has been UP since Feb 15th, 2019 at 8.141800
The short term trend has been UP since Feb 14th, 2019 at 8.066800
Smart Scan Analysis for USDSBD
Based on a pre-defined weighted trend formula for chart analysis, USDSBD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).