Free Daily Analysis

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.

FOREX_USDGEL
Open High Low USDGEL Price Change
3.185 3.190 3.185 3.190 +0.005
Entry Signal

MarketClub’s Trade Triangles for USDGEL

long term up The long-term trend has been UP since Mar 17th, 2020 at 2.97

intermediate term down The intermediate-term trend has been DOWN since May 22nd, 2020 at 3.20

short term down 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).

-50
Smart Scan Analysis for USDGEL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.185 3.190 3.185 3.190 +0.005
Prev. Close Volume Bid Ask Time
3.185 3.170 3.210 2020-05-22 12:52:43
Get a free daily analysis and signals for US Dollar/ (USDGEL) - Request Your Free Report.