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.
MarketClub’s Trade Triangles for USDMGA
The long-term trend has been UP since Mar 24th, 2020 at 3738.8026
The intermediate-term trend has been UP since May 12th, 2020 at 3823.6347
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).