Forex Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
US Dollar/Ukrainian Hryvnia (FOREX:USDUAH)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 USDUAH
The long term trend has been DOWN since Dec 23rd, 2018 at 27.5590
The intermediate term trend has been DOWN since Jan 28th, 2019 at 27.7395
The short term trend has been UP since Feb 14th, 2019 at 27.1160
Smart Scan Analysis for USDUAH
Based on a pre-defined weighted trend formula for chart analysis, USDUAH scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).