Forex Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
US Dollar/ (FOREX:USDTMT)
Sidelines Mode (-55) - USDTMT 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 USDTMT?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDTMT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDTMT
The long-term trend has been DOWN since Nov 30th, 2020 at 3.500
The intermediate-term trend has been DOWN since Nov 30th, 2020 at 3.500
The short-term trend has been UP since Dec 1st, 2020 at 3.505
Smart Scan Analysis for USDTMT
Based on our trend formula, USDTMT is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).