Forex Trend Analysis Report
Prepared for you on Tuesday, July 16, 2019.
Palladium/US Dollar (FOREX:XPDUSD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 XPDUSD
The long term trend has been UP since Jul 3rd, 2019 at 1565.5
The intermediate term trend has been UP since May 30th, 2019 at 1366.5
The short term trend has been DOWN since Jul 16th, 2019 at 1556.0
Smart Scan Analysis for XPDUSD
Based on a pre-defined weighted trend formula for chart analysis, XPDUSD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).