Forex Trend Analysis Report
Prepared for you on Sunday, April 21, 2019.
US Dollar/ (FOREX:USDTMT)
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 USDTMT
The long term trend has been UP since Jul 17th, 2018 at 3.510
The intermediate term trend has been UP since Mar 15th, 2019 at 3.505
The short term trend has been UP since Mar 15th, 2019 at 3.505
Smart Scan Analysis for USDTMT
Based on a pre-defined weighted trend formula for chart analysis, USDTMT scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).