Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
US Dollar/ (FOREX:USDMGA)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
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 Jan 6th, 2020 at 3697.0383
The short term trend has been UP since Jan 6th, 2020 at 3694.1262
Smart Scan Analysis for USDMGA
Based on a pre-defined weighted trend formula for chart analysis, USDMGA scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).