Forex Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
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.
MarketClub’s Trade Triangles for USDPYG
The long-term trend has been UP since May 21st, 2020 at 6592.4012
The intermediate-term trend has been DOWN since Dec 1st, 2020 at 7012.8860
The short-term trend has been DOWN since Dec 1st, 2020 at 7042.0660
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).