Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
US Dollar/Macau Pataca (FOREX:USDMOP)
Long-Term Downtrend (-90) - USDMOP is in a strong downtrend that is likely to continue. While USDMOP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDMOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDMOP
The long-term trend has been DOWN since Aug 6th, 2023 at 7.987955
The intermediate-term trend has been DOWN since Oct 29th, 2023 at 8.057017
The short-term trend has been DOWN since Oct 29th, 2023 at 8.058002
Smart Scan Analysis for USDMOP
Based on our trend formula, USDMOP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).