Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
US Dollar/ (FOREX:USDMZN)
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 USDMZN
The long term trend has been UP since Oct 17th, 2019 at 62.205
The intermediate term trend has been UP since Nov 18th, 2019 at 63.075
The short term trend has been UP since Nov 18th, 2019 at 63.075
Smart Scan Analysis for USDMZN
Based on a pre-defined weighted trend formula for chart analysis, USDMZN scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).