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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

/US Dollar (FOREX:GELUSD)

Long-Term Downtrend (-90) - GELUSD is in a strong downtrend that is likely to continue. While GELUSD 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 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
0.34909224 0.34968883 0.34909224 0.34968883 +0.00059700
Entry Signal

MarketClub’s Trade Triangles for GELUSD

long term down The long-term trend has been DOWN since Mar 19th, 2024 at 0.37108945

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 0.37247177

short term down The short-term trend has been DOWN since May 29th, 2024 at 0.36569060

Smart Scan Analysis for GELUSD

Based on our trend formula, GELUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for GELUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.34909224 0.34968883 0.34909224 0.34968883 +0.00059700
Prev. Close Volume Bid Ask Time
0.34909224 2024-06-12 17:02:59
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