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.
MarketClub’s Trade Triangles for USDTMT
The long-term trend has been DOWN since Nov 30th, 2020 at 3.500
The intermediate-term trend has been DOWN since Nov 30th, 2020 at 3.500
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).