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Forex Trend Analysis Report

Prepared for you on Wednesday, November 14, 2018.

US Dollar/ (FOREX:USDMVR)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.

FOREX_USDMVR
Open High Low USDMVR Price Change
15.455 15.455 15.455 15.455 0.000
Entry Signal

MarketClub’s Trade Triangles for USDMVR

long term up The long term trend has been UP since May 7th, 2018 at 15.460

intermediate term up The intermediate term trend has been UP since Oct 22nd, 2018 at 15.405

short term up The short term trend has been UP since Oct 22nd, 2018 at 15.405

Smart Scan Analysis for USDMVR

Based on a pre-defined weighted trend formula for chart analysis, USDMVR scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+80
Smart Scan Analysis for USDMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.455 15.455 15.455 15.455 0.000
Prev. Close Volume Bid Ask Time
15.455 15.200 15.710 2018-10-31 18:08:55
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