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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
US Dollar/Macau Pataca (FOREX:USDMOP)
Sidelines Mode (+50) - USDMOP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDMOP can gain momentum.
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.
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MarketClub’s Trade Triangles for USDMOP
The long-term trend has been DOWN since Jun 12th, 2024 at 8.015235
The intermediate-term trend has been UP since Nov 18th, 2024 at 8.001343
The short-term trend has been UP since Nov 18th, 2024 at 8.001930
Smart Scan Analysis for USDMOP
Based on our trend formula, USDMOP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.022588 | 8.022588 | 7.979723 | 7.979723 | -0.042865 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.024142 | 2024-11-18 21:06:10 |