Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
Guatemalan Quetzal/Euro (FOREX:GTQEUR)
Sidelines Mode (-55) - GTQEUR 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 GTQEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GTQEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GTQEUR
The long-term trend has been UP since Aug 9th, 2021 at 0.10970429
The intermediate-term trend has been DOWN since Aug 2nd, 2022 at 0.12733485
The short-term trend has been UP since Aug 18th, 2022 at 0.12651914
Smart Scan Analysis for GTQEUR
Based on our trend formula, GTQEUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).