Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
/US Dollar (FOREX:AFNUSD)
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 AFNUSD
The long term trend has been DOWN since Apr 11th, 2018 at 0.014380
The intermediate term trend has been UP since Oct 25th, 2018 at 0.013228
The short term trend has been UP since Oct 25th, 2018 at 0.013218
Smart Scan Analysis for AFNUSD
Based on a pre-defined weighted trend formula for chart analysis, AFNUSD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).