Free Daily Analysis

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.

FOREX_USDMGA
Open High Low USDMGA Price Change
3738.8026 3738.8026 3725.0000 3725.0000 -13.8026
Entry Signal

MarketClub’s Trade Triangles for USDMGA

long term down The long-term trend has been DOWN since Dec 9th, 2019 at 3625.0000

intermediate term up The intermediate-term trend has been UP since Feb 16th, 2020 at 3724.5961

short term up 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).

+60
Smart Scan Analysis for USDMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3738.8026 3738.8026 3725.0000 3725.0000 -13.8026
Prev. Close Volume Bid Ask Time
3720.0000 3680.0000 3770.0000 2020-02-20 11:53:54
Get a free daily analysis and signals for US Dollar/ (USDMGA) - Request Your Free Report.