Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
US Dollar/ (FOREX:USDAZN)
Strong Downtrend (-100) - USDAZN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Nov 20th, 2018 at 1.7025
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 -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).