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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 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.
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MarketClub’s Trade Triangles for USDGEL
The long-term trend has been UP since Mar 19th, 2024 at 2.695
The intermediate-term trend has been UP since Sep 23rd, 2024 at 2.695
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.73 | 2.73 | 2.73 | 2.73 | 0.00 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.73 | 2024-11-18 18:19:04 |