Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Sunday, January 19, 2020.

US Dollar/ (FOREX:USDMZN)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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.

FOREX_USDMZN
Open High Low USDMZN Price Change
62.025 62.025 62.025 62.025 0.000
Entry Signal

MarketClub’s Trade Triangles for USDMZN

long term down The long term trend has been DOWN since Dec 31st, 2019 at 61.550

intermediate term down The intermediate term trend has been DOWN since Dec 19th, 2019 at 63.880

short term up The short term trend has been UP since Jan 8th, 2020 at 61.705

Smart Scan Analysis for USDMZN

Based on a pre-defined weighted trend formula for chart analysis, USDMZN scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for USDMZN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
62.025 62.025 62.025 62.025 0.000
Prev. Close Volume Bid Ask Time
62.025 61.420 62.630 2020-01-10 04:48:05
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