Forex Trend Analysis Report
Prepared for you on Friday, May 14, 2021.
/US Dollar (FOREX:TMTUSD)
Sidelines Mode (+55) - TMTUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid TMTUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TMTUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TMTUSD
The long-term trend has been UP since Nov 30th, 2020 at 0.28594772
The intermediate-term trend has been UP since Nov 30th, 2020 at 0.28594771
The short-term trend has been DOWN since Apr 16th, 2021 at 0.28579583
Smart Scan Analysis for TMTUSD
Based on our trend formula, TMTUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).