Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/ (FOREX:USDTMT)
Strong Downtrend (-100) - USDTMT is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDTMT continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDTMT?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDTMT.
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 USDTMT
The long-term trend has been DOWN since Sep 8th, 2022 at 3.500
The intermediate-term trend has been DOWN since Mar 12th, 2024 at 3.505
The short-term trend has been DOWN since May 7th, 2024 at 3.505
Smart Scan Analysis for USDTMT
Based on our trend formula, USDTMT is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.505 | 3.505 | 3.500 | 3.505 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.510 | 2024-05-07 12:20:41 |