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Forex Trend Analysis Report

Prepared for you on Tuesday, July 23, 2024.

/US Dollar (FOREX:TMTUSD)

Strong Downtrend (-100) - TMTUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, TMTUSD continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid TMTUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for TMTUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_TMTUSD
Open High Low TMTUSD Price Change
0.28579583 0.28579583 0.28542155 0.28542155 -0.00037400
Entry Signal

MarketClub’s Trade Triangles for TMTUSD

long term down The long-term trend has been DOWN since May 29th, 2024 at 0.28542155

intermediate term down The intermediate-term trend has been DOWN since May 29th, 2024 at 0.28542155

short term down The short-term trend has been DOWN since May 16th, 2024 at 0.28579583

Smart Scan Analysis for TMTUSD

Based on our trend formula, TMTUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for TMTUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.28579583 0.28579583 0.28542155 0.28542155 -0.00037400
Prev. Close Volume Bid Ask Time
0.28579583 2024-07-19 16:24:20
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