Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Macau Pataca/US Dollar (FOREX:MOPUSD)
Sidelines Mode (+55) - MOPUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MOPUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for MOPUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MOPUSD
The long-term trend has been UP since Dec 24th, 2019 at 0.12472000
The intermediate-term trend has been UP since May 18th, 2020 at 0.12616833
The short-term trend has been DOWN since May 19th, 2020 at 0.12531635
Smart Scan Analysis for MOPUSD
Based on our trend formula, MOPUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).