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Forex Trend Analysis Report

Prepared for you on Wednesday, November 14, 2018.

US Dollar/ (FOREX:USDMZN)

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_USDMZN
Open High Low USDMZN Price Change
60.905 60.905 60.905 60.905 0.000
Entry Signal

MarketClub’s Trade Triangles for USDMZN

long term up The long term trend has been UP since Sep 24th, 2018 at 59.580

intermediate term up The intermediate term trend has been UP since Nov 6th, 2018 at 60.615

short term up The short term trend has been UP since Aug 16th, 2018 at 58.155

Smart Scan Analysis for USDMZN

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

+80
Smart Scan Analysis for USDMZN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
60.905 60.905 60.905 60.905 0.000
Prev. Close Volume Bid Ask Time
60.905 60.310 61.500 2018-11-13 07:28:11
Want to analyze US Dollar/ USDMZN or another symbol? Try our Free Forex Trend Analysis Report.