Forex Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
US Dollar/ (FOREX:USDAMD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 May 2nd, 2019 at 481.330
The intermediate term trend has been DOWN since Apr 21st, 2019 at 485.685
The short term trend has been DOWN since May 9th, 2019 at 481.105
Smart Scan Analysis for USDAMD
Based on a pre-defined weighted trend formula for chart analysis, USDAMD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).