Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
US Dollar/Guatemalan Quetzal (FOREX:USDGTQ)
Sidelines Mode (+50) - USDGTQ is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDGTQ can gain momentum.
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 Nov 14th, 2023 at 7.790188
The intermediate-term trend has been UP since Dec 3rd, 2023 at 7.848006
The short-term trend has been UP since Nov 21st, 2023 at 7.832922
Smart Scan Analysis for USDGTQ
Based on our trend formula, USDGTQ is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).