Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
/US Dollar (FOREX:AMDUSD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 AMDUSD
The long term trend has been UP since Jan 9th, 2019 at 0.002083
The intermediate term trend has been UP since Jan 9th, 2019 at 0.002077
The short term trend has been DOWN since Jan 13th, 2019 at 0.002060
Smart Scan Analysis for AMDUSD
Based on a pre-defined weighted trend formula for chart analysis, AMDUSD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).