Forex Trend Analysis Report
Prepared for you on Wednesday, August 21, 2019.
US Dollar/Ukrainian Hryvnia (FOREX:USDUAH)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 USDUAH
The long term trend has been DOWN since Dec 23rd, 2018 at 27.559
The intermediate term trend has been DOWN since Jun 10th, 2019 at 26.323
The short term trend has been DOWN since Aug 11th, 2019 at 25.570
Smart Scan Analysis for USDUAH
Based on a pre-defined weighted trend formula for chart analysis, USDUAH scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).