Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 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 DOWN since Jun 4th, 2021 at 3.295
The intermediate-term trend has been UP since Oct 4th, 2021 at 3.115
The short-term trend has been DOWN since Oct 18th, 2021 at 3.125
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).