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Forex Trend Analysis Report

Prepared for you on Tuesday, August 9, 2022.

US Dollar/ (FOREX:USDGEL)

Long-Term Downtrend (-90) - USDGEL is in a strong downtrend that is likely to continue. While USDGEL 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 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
2.72 2.72 2.72 2.72 0.00
Entry Signal

MarketClub’s Trade Triangles for USDGEL

long term down The long-term trend has been DOWN since May 25th, 2022 at 2.900

intermediate term down The intermediate-term trend has been DOWN since May 16th, 2022 at 3.030

short term down The short-term trend has been DOWN since Jun 6th, 2022 at 2.965

Smart Scan Analysis for USDGEL

Based on our trend formula, USDGEL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for USDGEL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.72 2.72 2.72 2.72 0.00
Prev. Close Volume Bid Ask Time
2.72 2022-08-08 10:08:24
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