Forex Trend Analysis Report
Prepared for you on Monday, November 18, 2019.
US Dollar/ (FOREX:USDSLL)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 USDSLL
The long term trend has been UP since Aug 13th, 2018 at 7705.0
The intermediate term trend has been UP since Nov 8th, 2019 at 9600.0
The short term trend has been UP since Oct 30th, 2019 at 9562.5
Smart Scan Analysis for USDSLL
Based on a pre-defined weighted trend formula for chart analysis, USDSLL scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).