Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
US Dollar/Guatemalan Quetzal (FOREX:USDGTQ)
Crossroads (-60) - USDGTQ is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Apr 7th, 2020 at 7.719586
The intermediate-term trend has been DOWN since May 20th, 2020 at 7.685392
The short-term trend has been DOWN since May 20th, 2020 at 7.688243
Smart Scan Analysis for USDGTQ
Based on our trend formula, USDGTQ is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).