Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
US Dollar/ (FOREX:USDGEL)
Sidelines Mode (-50) - USDGEL is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDGEL can gain momentum.
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 May 22nd, 2020 at 3.20
The short-term trend has been DOWN since May 18th, 2020 at 3.21
Smart Scan Analysis for USDGEL
Based on our trend formula, USDGEL is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).