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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Paraguayan Guarani (FOREX:USDPYG)
Countertrend Up (+85) - USDPYG 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 USDPYG?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDPYG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for USDPYG
The long-term trend has been UP since Mar 28th, 2024 at 7391.547
The intermediate-term trend has been UP since Mar 28th, 2024 at 7301.777
The short-term trend has been DOWN since May 7th, 2024 at 7463.871
Smart Scan Analysis for USDPYG
Based on our trend formula, USDPYG is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7475.565 | 7475.565 | 7475.565 | 7475.565 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7475.565 | 2024-05-08 21:02:49 |