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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
US Dollar/Paraguayan Guarani (FOREX:USDPYG)
Long-Term Uptrend (+90) - USDPYG is in a strong uptrend that is likely to continue. While USDPYG is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Mar 28th, 2024 at 7391.547
The intermediate-term trend has been UP since Jul 16th, 2024 at 7549.900
The short-term trend has been UP since Jul 15th, 2024 at 7547.519
Smart Scan Analysis for USDPYG
Based on our trend formula, USDPYG is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7571.725 | 7571.725 | 7569.424 | 7569.424 | -2.301 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7571.725 | 2024-07-26 14:00:15 |