Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
US Dollar/ (FOREX:USDMZN)
Bull Market Weakness (+75) - USDMZN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDMZN as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDMZN?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMZN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDMZN
The long-term trend has been UP since Aug 12th, 2021 at 63.630
The intermediate-term trend has been UP since May 6th, 2021 at 57.580
The short-term trend has been UP since May 11th, 2021 at 58.045
Smart Scan Analysis for USDMZN
Based on our trend formula, USDMZN is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).