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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

/US Dollar (FOREX:GELUSD)

Countertrend Down (-85) - GELUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid GELUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for GELUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GELUSD
Open High Low GELUSD Price Change
0.37108945 0.37108945 0.37108945 0.37108945 0.00000000
Entry Signal

MarketClub’s Trade Triangles for GELUSD

long term down The long-term trend has been DOWN since May 15th, 2023 at 0.37457912

intermediate term down The intermediate-term trend has been DOWN since Nov 24th, 2023 at 0.36971735

short term up The short-term trend has been UP since Dec 1st, 2023 at 0.37041610

Smart Scan Analysis for GELUSD

Based on our trend formula, GELUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for GELUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.37108945 0.37108945 0.37108945 0.37108945 0.00000000
Prev. Close Volume Bid Ask Time
0.37039069 2023-12-01 13:41:19
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