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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

US Dollar/ (FOREX:USDMGA)

Bull Market Weakness (+75) - USDMGA is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDMGA as it may be in the beginning stages of a reversal.

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.

FOREX_USDMGA
Open High Low USDMGA Price Change
3792.5 3792.5 3792.5 3792.5 0.0
Entry Signal

MarketClub’s Trade Triangles for USDMGA

long term up The long-term trend has been UP since Mar 24th, 2020 at 3738.8026

intermediate term up The intermediate-term trend has been UP since May 12th, 2020 at 3823.6347

short term down The short-term trend has been DOWN since May 18th, 2020 at 3812.5000

Smart Scan Analysis for USDMGA

Based on our trend formula, USDMGA is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for USDMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3792.5 3792.5 3792.5 3792.5 0.0
Prev. Close Volume Bid Ask Time
3792.5 3745.0 3840.0 2020-06-01 16:56:44
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