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Forex Trend Analysis Report

Prepared for you on Friday, April 23, 2021.

US Dollar/ (FOREX:USDTMT)

Bear Market Rally (-75) - USDTMT is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDTMT as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid USDTMT?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDTMT.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDTMT
Open High Low USDTMT Price Change
3.505 3.505 3.505 3.505 0.000
Entry Signal

MarketClub’s Trade Triangles for USDTMT

long term down The long-term trend has been DOWN since Nov 30th, 2020 at 3.500

intermediate term down The intermediate-term trend has been DOWN since Nov 30th, 2020 at 3.500

short term up The short-term trend has been UP since Apr 16th, 2021 at 3.505

Smart Scan Analysis for USDTMT

Based on our trend formula, USDTMT is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for USDTMT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.505 3.505 3.505 3.505 0.000
Prev. Close Volume Bid Ask Time
3.505 2021-04-22 16:18:46
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