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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
/US Dollar (FOREX:TMTUSD)
Countertrend Up (+85) - TMTUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid TMTUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TMTUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for TMTUSD
The long-term trend has been UP since Sep 8th, 2022 at 0.28624003
The intermediate-term trend has been UP since Mar 12th, 2024 at 0.28586575
The short-term trend has been UP since May 7th, 2024 at 0.28586575
Smart Scan Analysis for TMTUSD
Based on our trend formula, TMTUSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.28586575 | 0.28624003 | 0.28579583 | 0.28579583 | -0.00007000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.28542155 | 2024-05-07 12:20:41 |