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Forex Trend Analysis Report

Prepared for you on Wednesday, July 17, 2024.

US Dollar/Guatemalan Quetzal (FOREX:USDGTQ)

Countertrend Down (-85) - USDGTQ is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid USDGTQ?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDGTQ.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDGTQ
Open High Low USDGTQ Price Change
7.755374 7.755978 7.755374 7.755978 +0.000604
Entry Signal

MarketClub’s Trade Triangles for USDGTQ

long term down The long-term trend has been DOWN since Nov 14th, 2023 at 7.790188

intermediate term down The intermediate-term trend has been DOWN since Jul 11th, 2024 at 7.744421

short term up The short-term trend has been UP since Jul 15th, 2024 at 7.757446

Smart Scan Analysis for USDGTQ

Based on our trend formula, USDGTQ is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for USDGTQ
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.755374 7.755978 7.755374 7.755978 +0.000604
Prev. Close Volume Bid Ask Time
7.751300 2024-07-16 21:04:16
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