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Forex Trend Analysis Report

Prepared for you on Tuesday, December 3, 2024.

US Dollar/ (FOREX:USDGEL)

Countertrend Up (+85) - USDGEL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid USDGEL?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDGEL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDGEL
Open High Low USDGEL Price Change
2.845 2.845 2.845 2.845 0.000
Entry Signal

MarketClub’s Trade Triangles for USDGEL

long term up The long-term trend has been UP since Mar 19th, 2024 at 2.695

intermediate term up The intermediate-term trend has been UP since Sep 23rd, 2024 at 2.695

short term up The short-term trend has been UP since Oct 22nd, 2024 at 2.725

Smart Scan Analysis for USDGEL

Based on our trend formula, USDGEL is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for USDGEL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.845 2.845 2.845 2.845 0.000
Prev. Close Volume Bid Ask Time
2.845 2024-12-02 13:55:37
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