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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
US Dollar/ (FOREX:USDSDG)
Sidelines Mode (+50) - USDSDG is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDSDG can gain momentum.
Is it time to buy, sell, or avoid USDSDG?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDSDG.
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 USDSDG
The long-term trend has been DOWN since Nov 6th, 2023 at 600.0
The intermediate-term trend has been UP since May 2nd, 2024 at 586.5
The short-term trend has been UP since May 2nd, 2024 at 586.0
Smart Scan Analysis for USDSDG
Based on our trend formula, USDSDG is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 600.5 | 600.5 | 600.5 | 600.5 | 0.0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 600.5 | 2024-05-08 16:11:20 |