Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
US Dollar/ (FOREX:USDAMD)
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 USDAMD
The long term trend has been UP since Sep 9th, 2018 at 486.420
The intermediate term trend has been DOWN since Sep 23rd, 2018 at 483.175
The short term trend has been UP since Oct 18th, 2018 at 484.810
Smart Scan Analysis for USDAMD
Based on a pre-defined weighted trend formula for chart analysis, USDAMD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).