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Forex Trend Analysis Report

Prepared for you on Wednesday, November 22, 2017.

US Dollar/Mauritanian Ouguiya (FOREX:USDMRO)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_USDMRO
Open High Low USDMRO Price Change
352.865 353.095 352.865 353.095 +0.230
Entry Signal

MarketClub’s Trade Triangles for USDMRO

long term down The long term trend has been DOWN since Oct 19th, 2017 at 362.43

intermediate term down The intermediate term trend has been DOWN since Oct 19th, 2017 at 364.87

short term down The short term trend has been DOWN since Oct 19th, 2017 at 364.87

Smart Scan Analysis for USDMRO

Based on a pre-defined weighted trend formula for chart analysis, USDMRO scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for USDMRO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
352.865 353.095 352.865 353.095 +0.230
Prev. Close Volume Bid Ask Time
355.5 347.160 359.030 2017-11-14 21:27:35
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