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Forex Trend Analysis Report

Prepared for you on Sunday, October 24, 2021.

US Dollar/ (FOREX:USDGEL)

Sidelines Mode (+55) - USDGEL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
3.135 3.135 3.135 3.135 0.000
Entry Signal

MarketClub’s Trade Triangles for USDGEL

long term down The long-term trend has been DOWN since Jun 4th, 2021 at 3.295

intermediate term up The intermediate-term trend has been UP since Oct 4th, 2021 at 3.115

short term down The short-term trend has been DOWN since Oct 18th, 2021 at 3.125

Smart Scan Analysis for USDGEL

Based on our trend formula, USDGEL is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDGEL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.135 3.135 3.135 3.135 0.000
Prev. Close Volume Bid Ask Time
3.140 2021-10-20 13:10:28
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