Forex Trend Analysis Report
Prepared for you on Monday, March 8, 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.
MarketClub’s Trade Triangles for USDGEL
The long-term trend has been UP since Mar 17th, 2020 at 2.97
The intermediate-term trend has been DOWN since Feb 12th, 2021 at 3.30
The short-term trend has been UP since Feb 17th, 2021 at 3.30
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).