Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
Guatemalan Quetzal/US Dollar (FOREX:GTQUSD)
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 GTQUSD
The long term trend has been DOWN since Dec 5th, 2017 at 0.136090
The intermediate term trend has been UP since Nov 5th, 2018 at 0.129815
The short term trend has been UP since Nov 5th, 2018 at 0.129540
Smart Scan Analysis for GTQUSD
Based on a pre-defined weighted trend formula for chart analysis, GTQUSD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).