Forex Trend Analysis Report
Prepared for you on Monday, June 17, 2019.
US Dollar/ (FOREX:USDMRU)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 USDMRU
The long term trend has been UP since May 9th, 2018 at 35.55
The intermediate term trend has been UP since Jun 4th, 2019 at 36.72
The short term trend has been UP since Jun 4th, 2019 at 36.72
Smart Scan Analysis for USDMRU
Based on a pre-defined weighted trend formula for chart analysis, USDMRU scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).