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Forex Trend Analysis Report

Prepared for you on Thursday, January 17, 2019.

US Dollar/ (FOREX:USDMVR)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.

FOREX_USDMVR
Open High Low USDMVR Price Change
15.475 15.475 15.475 15.475 0.000
Entry Signal

MarketClub’s Trade Triangles for USDMVR

long term up The long term trend has been UP since Jan 15th, 2019 at 15.460

intermediate term up The intermediate term trend has been UP since Nov 28th, 2018 at 15.455

short term up The short term trend has been UP since Jan 15th, 2019 at 15.460

Smart Scan Analysis for USDMVR

Based on a pre-defined weighted trend formula for chart analysis, USDMVR scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for USDMVR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
15.475 15.475 15.475 15.475 0.000
Prev. Close Volume Bid Ask Time
15.475 15.350 15.600 2019-01-15 18:37:18
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