Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Guatemalan Quetzal/US Dollar (FOREX:GTQUSD)
Long-Term Downtrend (-90) - GTQUSD is in a strong downtrend that is likely to continue. While GTQUSD 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 GTQUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GTQUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GTQUSD
The long-term trend has been DOWN since Jun 23rd, 2021 at 0.12922722
The intermediate-term trend has been DOWN since Oct 19th, 2021 at 0.12927174
The short-term trend has been DOWN since Oct 4th, 2021 at 0.12928628
Smart Scan Analysis for GTQUSD
Based on our trend formula, GTQUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).