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Forex Trend Analysis Report

Prepared for you on Sunday, August 18, 2019.

US Dollar/ (FOREX:USDMRU)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_USDMRU
Open High Low USDMRU Price Change
36.73 36.73 36.73 36.73 0.00
Entry Signal

MarketClub’s Trade Triangles for USDMRU

long term up The long term trend has been UP since Jul 18th, 2019 at 36.850

intermediate term down The intermediate term trend has been DOWN since Aug 8th, 2019 at 36.765

short term down The short term trend has been DOWN since Aug 8th, 2019 at 36.790

Smart Scan Analysis for USDMRU

Based on a pre-defined weighted trend formula for chart analysis, USDMRU scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for USDMRU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
36.73 36.73 36.73 36.73 0.00
Prev. Close Volume Bid Ask Time
36.73 36.46 37.00 2019-08-09 18:27:14
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