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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Macau Pataca (FOREX:USDMOP)
Bull Market Weakness (+75) - USDMOP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDMOP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDMOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMOP.
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 USDMOP
The long-term trend has been UP since Dec 28th, 2023 at 8.075480
The intermediate-term trend has been DOWN since May 2nd, 2024 at 8.045427
The short-term trend has been UP since May 7th, 2024 at 8.046039
Smart Scan Analysis for USDMOP
Based on our trend formula, USDMOP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.054195 | 8.056819 | 8.054195 | 8.056819 | +0.002624 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.054195 | 2024-05-08 21:02:47 |