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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

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.

FOREX_USDMOP
Open High Low USDMOP Price Change
8.042218 8.042218 8.042218 8.042218 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDMOP

long term down The long-term trend has been DOWN since Jun 12th, 2024 at 8.015235

intermediate term down The intermediate-term trend has been DOWN since Jun 12th, 2024 at 8.032114

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 8.043069

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).

-90
Smart Scan Analysis for USDMOP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.042218 8.042218 8.042218 8.042218 0.000000
Prev. Close Volume Bid Ask Time
8.042218 2024-06-19 07:26:10
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