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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.

FOREX_USDTMT
Open High Low USDTMT Price Change
3.510 3.510 3.505 3.505 -0.005
Entry Signal

MarketClub’s Trade Triangles for USDTMT

long term down The long-term trend has been DOWN since Nov 30th, 2020 at 3.500

intermediate term down The intermediate-term trend has been DOWN since Nov 30th, 2020 at 3.500

short term up 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).

-55
Smart Scan Analysis for USDTMT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.510 3.510 3.505 3.505 -0.005
Prev. Close Volume Bid Ask Time
3.510 2020-12-02 17:16:28
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