Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
Paraguayan Guarani/US Dollar (FOREX:PYGUSD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 PYGUSD
The long term trend has been DOWN since May 15th, 2018 at 0.000180
The intermediate term trend has been UP since Nov 9th, 2018 at 0.000168
The short term trend has been UP since Nov 9th, 2018 at 0.000167
Smart Scan Analysis for PYGUSD
Based on a pre-defined weighted trend formula for chart analysis, PYGUSD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).