Forex Trend Analysis Report
Prepared for you on Thursday, May 28, 2020.
Guatemalan Quetzal/British Pound (FOREX:GTQGBP)
Sidelines Mode (+55) - GTQGBP 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 GTQGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for GTQGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GTQGBP
The long-term trend has been UP since Feb 20th, 2020 at 0.10173987
The intermediate-term trend has been UP since May 12th, 2020 at 0.10588894
The short-term trend has been DOWN since May 19th, 2020 at 0.10623577
Smart Scan Analysis for GTQGBP
Based on our trend formula, GTQGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).