Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
US Dollar/ (FOREX:USDAZN)
Weak Downtrend (-65) - USDAZN is showing signs of a strengthening downtrend. Monitor USDAZN as it may be building momentum to the downside.
Is it time to buy, sell, or avoid USDAZN?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDAZN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDAZN
The long-term trend has been UP since May 11th, 2018 at 1.7001
The intermediate-term trend has been DOWN since Nov 20th, 2018 at 1.7025
The short-term trend has been DOWN since Nov 20th, 2018 at 1.7025
Smart Scan Analysis for USDAZN
Based on our trend formula, USDAZN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).