Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
/US Dollar (FOREX:MZNUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 UP since May 1st, 2018 at 0.01676
The intermediate term trend has been UP since Apr 13th, 2018 at 0.01613
The short term trend has been DOWN since May 9th, 2018 at 0.01655
Smart Scan Analysis for MZNUSD
Based on a pre-defined weighted trend formula for chart analysis, MZNUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).