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.
MarketClub’s Trade Triangles for USDPYG
The long-term trend has been DOWN since Apr 10th, 2022 at 6876.407
The intermediate-term trend has been DOWN since Jul 21st, 2022 at 6844.920
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).