Forex Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
US Dollar/ (FOREX:USDSDG)
Strong Downtrend (-100) - USDSDG is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDSDG?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDSDG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDSDG
The long-term trend has been DOWN since Oct 20th, 2021 at 440.5
The intermediate-term trend has been DOWN since Nov 9th, 2021 at 439.0
The short-term trend has been DOWN since Nov 23rd, 2021 at 438.0
Smart Scan Analysis for USDSDG
Based on our trend formula, USDSDG is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).