Forex Trend Analysis Report
Prepared for you on Sunday, August 9, 2020.
US Dollar/ (FOREX:USDMZN)
Countertrend Up (+85) - USDMZN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid USDMZN?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMZN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDMZN
The long-term trend has been UP since Feb 10th, 2020 at 64.075
The intermediate-term trend has been UP since Jan 22nd, 2020 at 62.025
The short-term trend has been UP since Jan 8th, 2020 at 61.705
Smart Scan Analysis for USDMZN
Based on our trend formula, USDMZN is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).