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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

US Dollar/Paraguayan Guarani (FOREX:USDPYG)

Crossroads (+60) - USDPYG 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 USDPYG?

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

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

FOREX_USDPYG
Open High Low USDPYG Price Change
7533.506 7533.506 7533.506 7533.506 0.000
Entry Signal

MarketClub’s Trade Triangles for USDPYG

long term up The long-term trend has been UP since Mar 28th, 2024 at 7391.547

intermediate term down The intermediate-term trend has been DOWN since Jun 10th, 2024 at 7512.407

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 7513.496

Smart Scan Analysis for USDPYG

Based on our trend formula, USDPYG is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for USDPYG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7533.506 7533.506 7533.506 7533.506 0.000
Prev. Close Volume Bid Ask Time
7533.506 2024-06-13 11:03:41
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