Forex Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
US Dollar/ (FOREX:USDAFN)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 USDAFN
The long term trend has been UP since Apr 5th, 2017 at 67.2270
The intermediate term trend has been UP since Aug 9th, 2018 at 73.5275
The short term trend has been UP since Sep 27th, 2018 at 75.9560
Smart Scan Analysis for USDAFN
Based on a pre-defined weighted trend formula for chart analysis, USDAFN scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).