Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
Guatemalan Quetzal/US Dollar (FOREX:GTQUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 GTQUSD
The long term trend has been UP since Jan 9th, 2019 at 0.130620
The intermediate term trend has been UP since Jan 9th, 2019 at 0.129795
The short term trend has been UP since Jan 21st, 2019 at 0.129550
Smart Scan Analysis for GTQUSD
Based on a pre-defined weighted trend formula for chart analysis, GTQUSD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).