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.
MarketClub’s Trade Triangles for USDMRU
The long term trend has been UP since Jul 18th, 2019 at 36.850
The intermediate term trend has been DOWN since Aug 8th, 2019 at 36.765
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).