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Forex Trend Analysis Report

Prepared for you on Friday, July 19, 2019.

/US Dollar (FOREX:MGAUSD)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_MGAUSD
Open High Low MGAUSD Price Change
0.000274 0.000274 0.000274 0.000274 0.000000
Entry Signal

MarketClub’s Trade Triangles for MGAUSD

long term down The long term trend has been DOWN since Oct 11th, 2017 at 0.000335

intermediate term down The intermediate term trend has been DOWN since Jul 7th, 2019 at 0.000273

short term up The short term trend has been UP since Jul 15th, 2019 at 0.000273

Smart Scan Analysis for MGAUSD

Based on a pre-defined weighted trend formula for chart analysis, MGAUSD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for MGAUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.000274 0.000274 0.000274 0.000274 0.000000
Prev. Close Volume Bid Ask Time
0.000274 0.000271 0.000277 2019-07-17 20:59:59
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