Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
US Dollar/ (FOREX:USDAZN)
Crossroads (-60) - USDAZN is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Jan 18th, 2018 at 1.7000
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 -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).