Forex Trend Analysis Report
Prepared for you on Thursday, May 28, 2020.
Euro/Guatemalan Quetzal (FOREX:EURGTQ)
Sidelines Mode (+55) - EURGTQ is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EURGTQ?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURGTQ.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURGTQ
The long-term trend has been DOWN since Mar 19th, 2020 at 8.2488
The intermediate-term trend has been UP since May 19th, 2020 at 8.4364
The short-term trend has been DOWN since May 24th, 2020 at 8.4294
Smart Scan Analysis for EURGTQ
Based on our trend formula, EURGTQ is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).