Forex Trend Analysis Report
Prepared for you on Wednesday, October 16, 2019.
Macau Pataca/US Dollar (FOREX:MOPUSD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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.
MarketClub’s Trade Triangles for MOPUSD
The long term trend has been DOWN since Aug 15th, 2019 at 0.12346
The intermediate term trend has been UP since Sep 9th, 2019 at 0.12402
The short term trend has been DOWN since Sep 25th, 2019 at 0.12373
Smart Scan Analysis for MOPUSD
Based on a pre-defined weighted trend formula for chart analysis, MOPUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).