Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2019.
US Dollar/Special Drawing Right (FOREX:USDSDR)
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 USDSDR
The long term trend has been DOWN since Jan 9th, 2019 at 0.71446
The intermediate term trend has been UP since Mar 21st, 2019 at 0.71874
The short term trend has been UP since Mar 21st, 2019 at 0.71863
Smart Scan Analysis for USDSDR
Based on a pre-defined weighted trend formula for chart analysis, USDSDR scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).