Forex Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
/US Dollar (FOREX:TMTUSD)
Countertrend Down (-85) - TMTUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Jul 17th, 2018 at 0.28513500
The intermediate-term trend has been DOWN since Oct 22nd, 2019 at 0.28552000
The short-term trend has been UP since Jul 27th, 2020 at 0.28556298
Smart Scan Analysis for TMTUSD
Based on our trend formula, TMTUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).