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Forex Trend Analysis Report

Prepared for you on Tuesday, March 9, 2021.

US Dollar/Paraguayan Guarani (FOREX:USDPYG)

Bear Market Rally (-75) - USDPYG is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDPYG as it may be in the beginning of a reversal.

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
6669.9084 6669.9084 6669.9084 6669.9084 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDPYG

long term down The long-term trend has been DOWN since Dec 17th, 2020 at 6977.865

intermediate term down The intermediate-term trend has been DOWN since Feb 8th, 2021 at 6857.690

short term up The short-term trend has been UP since Mar 7th, 2021 at 6619.475

Smart Scan Analysis for USDPYG

Based on our trend formula, USDPYG is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for USDPYG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6669.9084 6669.9084 6669.9084 6669.9084 0.0000
Prev. Close Volume Bid Ask Time
6653.2632 2021-03-07 21:00:30
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