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Forex Trend Analysis Report

Prepared for you on Thursday, April 25, 2019.

/US Dollar (FOREX:MGAUSD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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
0.000275 0.000275 0.000275 0.000275 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 Mar 21st, 2019 at 0.000282

short term up The short term trend has been UP since Apr 14th, 2019 at 0.000274

Smart Scan Analysis for MGAUSD

Based on a pre-defined weighted trend formula for chart analysis, MGAUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for MGAUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.000275 0.000275 0.000275 0.000275 0.000000
Prev. Close Volume Bid Ask Time
0.000273 0.000272 0.000278 2019-04-23 08:48:22
Want to analyze /US Dollar MGAUSD or another symbol? Try our Free Forex Trend Analysis Report.