Forex Trend Analysis Report
Prepared for you on Sunday, October 21, 2018.
/US Dollar (FOREX:MZNUSD)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 MZNUSD
The long term trend has been DOWN since Sep 12th, 2018 at 0.016585
The intermediate term trend has been UP since Oct 11th, 2018 at 0.016456
The short term trend has been UP since Oct 11th, 2018 at 0.016490
Smart Scan Analysis for MZNUSD
Based on a pre-defined weighted trend formula for chart analysis, MZNUSD scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).