Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Paraguayan Guarani/US Dollar (FOREX:PYGUSD)
Sidelines Mode (+50) - PYGUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until PYGUSD can gain momentum.
Is it time to buy, sell, or avoid PYGUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for PYGUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PYGUSD
The long-term trend has been DOWN since Jul 7th, 2023 at 0.00013761
The intermediate-term trend has been UP since Nov 12th, 2023 at 0.00013455
The short-term trend has been UP since Nov 12th, 2023 at 0.00013455
Smart Scan Analysis for PYGUSD
Based on our trend formula, PYGUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).