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Forex Trend Analysis Report

Prepared for you on Tuesday, August 9, 2022.

US Dollar/Paraguayan Guarani (FOREX:USDPYG)

Strong Downtrend (-100) - USDPYG is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDPYG continues to fall. Traders should use caution and set stops.

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
6857.998 6857.998 6857.998 6857.998 0.000
Entry Signal

MarketClub’s Trade Triangles for USDPYG

long term down The long-term trend has been DOWN since Apr 10th, 2022 at 6876.407

intermediate term down The intermediate-term trend has been DOWN since Jul 21st, 2022 at 6844.920

short term down The short-term trend has been DOWN since Aug 9th, 2022 at 6858.967

Smart Scan Analysis for USDPYG

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

-100
Smart Scan Analysis for USDPYG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6857.998 6857.998 6857.998 6857.998 0.000
Prev. Close Volume Bid Ask Time
6857.998 2022-08-09 07:17:10
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