Forex Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
US Dollar/Macau Pataca (FOREX:USDMOP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 USDMOP
The long term trend has been UP since Sep 16th, 2018 at 8.13385
The intermediate term trend has been DOWN since Sep 23rd, 2018 at 8.05680
The short term trend has been DOWN since Oct 7th, 2018 at 8.04735
Smart Scan Analysis for USDMOP
Based on a pre-defined weighted trend formula for chart analysis, USDMOP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).