Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
/US Dollar (FOREX:MGAUSD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.
MarketClub’s Trade Triangles for MGAUSD
The long term trend has been DOWN since Oct 11th, 2017 at 0.00033500
The intermediate term trend has been DOWN since Nov 7th, 2019 at 0.00026794
The short term trend has been DOWN since Nov 14th, 2019 at 0.00026680
Smart Scan Analysis for MGAUSD
Based on a pre-defined weighted trend formula for chart analysis, MGAUSD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).