Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
US Dollar/ (FOREX:USDAMD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 May 2nd, 2019 at 481.330
The intermediate term trend has been UP since Aug 15th, 2019 at 477.195
The short term trend has been UP since Aug 15th, 2019 at 476.190
Smart Scan Analysis for USDAMD
Based on a pre-defined weighted trend formula for chart analysis, USDAMD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).