Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
US Dollar/Macau Pataca (FOREX:USDMOP)
Countertrend Down (-85) - USDMOP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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 Dec 24th, 2019 at 8.022000
The intermediate-term trend has been DOWN since May 18th, 2020 at 7.930127
The short-term trend has been UP since May 19th, 2020 at 7.984091
Smart Scan Analysis for USDMOP
Based on our trend formula, USDMOP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).