Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
US Dollar/ (FOREX:USDSLL)
Sidelines Mode (+55) - USDSLL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDSLL?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDSLL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDSLL
The long-term trend has been UP since May 8th, 2020 at 9745.0
The intermediate-term trend has been UP since Sep 21st, 2020 at 9752.5
The short-term trend has been DOWN since Feb 23rd, 2021 at 10212.0
Smart Scan Analysis for USDSLL
Based on our trend formula, USDSLL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).