Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
Euro/Guatemalan Quetzal (FOREX:EURGTQ)
Long-Term Downtrend (-90) - EURGTQ is in a strong downtrend that is likely to continue. While EURGTQ is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Sep 30th, 2023 at 8.373
The intermediate-term trend has been DOWN since Jul 31st, 2023 at 8.700
The short-term trend has been DOWN since Sep 10th, 2023 at 8.486
Smart Scan Analysis for EURGTQ
Based on our trend formula, EURGTQ is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).