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.
MarketClub’s Trade Triangles for USDMVR
The long term trend has been UP since May 7th, 2018 at 15.460
The intermediate term trend has been UP since Oct 22nd, 2018 at 15.405
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).