Forex Trend Analysis Report
Prepared for you on Monday, October 19, 2020.
US Dollar/ (FOREX:USDTMT)
Weak Uptrend (+65) - USDTMT is showing signs of weakening momentum to the upside. Monitor USDTMT as it may be in the beginning stages 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.
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 Sep 28th, 2020 at 3.505
The short-term trend has been DOWN since Oct 19th, 2020 at 3.505
Smart Scan Analysis for USDTMT
Based on our trend formula, USDTMT is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).