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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.
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MarketClub’s Trade Triangles for USDPYG
The long-term trend has been DOWN since Dec 17th, 2020 at 6977.865
The intermediate-term trend has been DOWN since Feb 8th, 2021 at 6857.690
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).
| 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 |