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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.

FOREX_USDMRU
Open High Low USDMRU Price Change
38.499588 38.499588 37.650000 37.655000 -0.844588
Entry Signal

MarketClub’s Trade Triangles for USDMRU

long term up The long-term trend has been UP since Mar 11th, 2020 at 37.791560

intermediate term down The intermediate-term trend has been DOWN since Jun 30th, 2020 at 37.600000

short term up 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).

-55
Smart Scan Analysis for USDMRU
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
38.499588 38.499588 37.650000 37.655000 -0.844588
Prev. Close Volume Bid Ask Time
38.499588 37.310000 38.000000 2020-07-07 12:51:07
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