Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
US Dollar/ (FOREX:USDAFN)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 USDAFN
The long term trend has been UP since Apr 5th, 2017 at 67.2270
The intermediate term trend has been UP since Nov 11th, 2018 at 75.9700
The short term trend has been DOWN since Dec 4th, 2018 at 75.9705
Smart Scan Analysis for USDAFN
Based on a pre-defined weighted trend formula for chart analysis, USDAFN scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).