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.
MarketClub’s Trade Triangles for GELUSD
The long-term trend has been DOWN since May 15th, 2023 at 0.37457912
The intermediate-term trend has been DOWN since Nov 24th, 2023 at 0.36971735
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).