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Forex Trend Analysis Report

Prepared for you on Thursday, June 4, 2020.

US Dollar/ (FOREX:USDMRU)

Crossroads (+60) - USDMRU is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid USDMRU?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDMRU.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDMRU
Open High Low USDMRU Price Change
38.474689 38.474689 37.720000 38.404405 -0.070284
Entry Signal

MarketClub’s Trade Triangles for USDMRU

long term up The long-term trend has been UP since Mar 11th, 2020 at 37.79156

intermediate term down The intermediate-term trend has been DOWN since Jun 3rd, 2020 at 37.80000

short term down The short-term trend has been DOWN since Jun 3rd, 2020 at 37.95500

Smart Scan Analysis for USDMRU

Based on our trend formula, USDMRU is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for USDMRU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
38.474689 38.474689 37.720000 38.404405 -0.070284
Prev. Close Volume Bid Ask Time
38.474689 37.780639 39.028172 2020-06-03 21:09:23
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