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Forex Trend Analysis Report

Prepared for you on Sunday, April 14, 2024.

US Dollar/ (FOREX:USDTMT)

Countertrend Down (-85) - USDTMT is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
3.505 3.505 3.505 3.505 0.000
Entry Signal

MarketClub’s Trade Triangles for USDTMT

long term down The long-term trend has been DOWN since Sep 8th, 2022 at 3.500

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2024 at 3.505

short term up The short-term trend has been UP since Apr 3rd, 2024 at 3.505

Smart Scan Analysis for USDTMT

Based on our trend formula, USDTMT is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for USDTMT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.505 3.505 3.505 3.505 0.000
Prev. Close Volume Bid Ask Time
3.505 2024-04-12 17:20:50
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