Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
US Dollar/Guatemalan Quetzal (FOREX:USDGTQ)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 USDGTQ
The long term trend has been UP since Dec 5th, 2017 at 7.35210
The intermediate term trend has been DOWN since Aug 19th, 2018 at 7.47940
The short term trend has been DOWN since Aug 13th, 2018 at 7.48525
Smart Scan Analysis for USDGTQ
Based on a pre-defined weighted trend formula for chart analysis, USDGTQ scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).