Forex Trend Analysis Report
Prepared for you on Sunday, February 23, 2020.
US Dollar/ (FOREX:USDMGA)
Crossroads (+60) - USDMGA 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 USDMGA?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMGA.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDMGA
The long-term trend has been DOWN since Dec 9th, 2019 at 3625.0000
The intermediate-term trend has been UP since Feb 16th, 2020 at 3724.5961
The short-term trend has been UP since Feb 20th, 2020 at 3722.8993
Smart Scan Analysis for USDMGA
Based on our trend formula, USDMGA is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).