Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
US Dollar/Macau Pataca (FOREX:USDMOP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 USDMOP
The long term trend has been DOWN since Dec 24th, 2019 at 8.022000
The intermediate term trend has been DOWN since Dec 3rd, 2019 at 8.059078
The short term trend has been UP since Feb 4th, 2020 at 8.000218
Smart Scan Analysis for USDMOP
Based on a pre-defined weighted trend formula for chart analysis, USDMOP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).