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.
MarketClub’s Trade Triangles for USDMZN
The long term trend has been DOWN since Dec 31st, 2019 at 61.550
The intermediate term trend has been DOWN since Dec 19th, 2019 at 63.880
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).