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Forex Trend Analysis Report
Prepared for you on Tuesday, August 9, 2022.
US Dollar/ (FOREX:USDGEL)
Long-Term Downtrend (-90) - USDGEL is in a strong downtrend that is likely to continue. While USDGEL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for USDGEL
The long-term trend has been DOWN since May 25th, 2022 at 2.900
The intermediate-term trend has been DOWN since May 16th, 2022 at 3.030
The short-term trend has been DOWN since Jun 6th, 2022 at 2.965
Smart Scan Analysis for USDGEL
Based on our trend formula, USDGEL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.72 | 2.72 | 2.72 | 2.72 | 0.00 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.72 | 2022-08-08 10:08:24 |