Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
US Dollar/ (FOREX:USDAMD)
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 USDAMD
The long term trend has been UP since Dec 9th, 2019 at 478.58500
The intermediate term trend has been UP since Jan 16th, 2020 at 480.09934
The short term trend has been DOWN since Feb 11th, 2020 at 478.53428
Smart Scan Analysis for USDAMD
Based on a pre-defined weighted trend formula for chart analysis, USDAMD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).