Forex Trend Analysis Report
Prepared for you on Wednesday, July 8, 2020.
US Dollar/ (FOREX:USDMRU)
Sidelines Mode (-55) - USDMRU 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 USDMRU?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMRU.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDMRU
The long-term trend has been UP since Mar 11th, 2020 at 37.791560
The intermediate-term trend has been DOWN since Jun 30th, 2020 at 37.600000
The short-term trend has been UP since Jul 1st, 2020 at 38.514144
Smart Scan Analysis for USDMRU
Based on our trend formula, USDMRU is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).