Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
US Dollar/ (FOREX:USDAMD)
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 USDAMD
The long term trend has been DOWN since Jul 15th, 2018 at 479.140
The intermediate term trend has been UP since Aug 9th, 2018 at 483.860
The short term trend has been DOWN since Aug 19th, 2018 at 482.695
Smart Scan Analysis for USDAMD
Based on a pre-defined weighted trend formula for chart analysis, USDAMD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).