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Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2024.

US Dollar/ (FOREX:USDGEL)

Bull Market Weakness (+75) - USDGEL is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDGEL as it may be in the beginning stages of a reversal.

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
2.74 2.74 2.74 2.74 0.00
Entry Signal

MarketClub’s Trade Triangles for USDGEL

long term up The long-term trend has been UP since Mar 19th, 2024 at 2.695

intermediate term up The intermediate-term trend has been UP since May 15th, 2024 at 2.685

short term up The short-term trend has been UP since May 15th, 2024 at 2.675

Smart Scan Analysis for USDGEL

Based on our trend formula, USDGEL is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for USDGEL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.74 2.74 2.74 2.74 0.00
Prev. Close Volume Bid Ask Time
2.74 2024-05-20 11:37:00
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