Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Euro/Paraguayan Guarani (FOREX:EURPYG)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for EURPYG
The long term trend has been DOWN since Jul 9th, 2019 at 6924.1
The intermediate term trend has been UP since Aug 11th, 2019 at 6799.0
The short term trend has been DOWN since Sep 16th, 2019 at 6998.6
Smart Scan Analysis for EURPYG
Based on a pre-defined weighted trend formula for chart analysis, EURPYG scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).