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Forex Trend Analysis Report

Prepared for you on Saturday, January 19, 2019.

US Dollar/ (FOREX:USDMRU)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_USDMRU
Open High Low USDMRU Price Change
36.405 36.405 36.405 36.405 0.000
Entry Signal

MarketClub’s Trade Triangles for USDMRU

long term up The long term trend has been UP since May 9th, 2018 at 35.550

intermediate term down The intermediate term trend has been DOWN since Jan 15th, 2019 at 36.365

short term down The short term trend has been DOWN since Jan 3rd, 2019 at 36.375

Smart Scan Analysis for USDMRU

Based on a pre-defined weighted trend formula for chart analysis, USDMRU scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for USDMRU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
36.405 36.405 36.405 36.405 0.000
Prev. Close Volume Bid Ask Time
36.405 36.150 36.660 2019-01-18 17:09:47
Want to analyze US Dollar/ USDMRU or another symbol? Try our Free Forex Trend Analysis Report.