Forex Trend Analysis Report
Prepared for you on Saturday, February 27, 2021.
US Dollar/ (FOREX:USDMZN)
Weak Downtrend (-65) - USDMZN is showing signs of a strengthening downtrend. Monitor USDMZN as it may be building momentum to the downside.
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 Feb 10th, 2020 at 64.075
The intermediate-term trend has been DOWN since Feb 18th, 2021 at 75.155
The short-term trend has been DOWN since Feb 11th, 2021 at 75.235
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).