Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
US Dollar/ (FOREX:USDTMT)
Crossroads (-60) - USDTMT is struggling to move into a solid trend. Beware of choppy markets 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 Sep 8th, 2022 at 3.500
The intermediate-term trend has been UP since Dec 26th, 2022 at 3.505
The short-term trend has been UP since Mar 15th, 2023 at 3.505
Smart Scan Analysis for USDTMT
Based on our trend formula, USDTMT is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).