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.
MarketClub’s Trade Triangles for USDMVR
The long term trend has been UP since Jan 15th, 2019 at 15.460
The intermediate term trend has been UP since Nov 28th, 2018 at 15.455
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).