Forex Trend Analysis Report
Prepared for you on Tuesday, June 19, 2018.
/US Dollar (FOREX:AMDUSD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 AMDUSD
The long term trend has been DOWN since May 1st, 2018 at 0.002075
The intermediate term trend has been UP since Jun 8th, 2018 at 0.002075
The short term trend has been DOWN since Jun 11th, 2018 at 0.002075
Smart Scan Analysis for AMDUSD
Based on a pre-defined weighted trend formula for chart analysis, AMDUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).