Forex Trend Analysis Report
Prepared for you on Friday, August 12, 2022.
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.
MarketClub’s Trade Triangles for USDGTQ
The long-term trend has been DOWN since Mar 31st, 2022 at 7.683778
The intermediate-term trend has been DOWN since Jul 15th, 2022 at 7.747960
The short-term trend has been UP since Aug 5th, 2022 at 7.737044
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).