Forex Trend Analysis Report
Prepared for you on Friday, May 7, 2021.
Paraguayan Guarani/US Dollar (FOREX:PYGUSD)
Sidelines Mode (+55) - PYGUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid PYGUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for PYGUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PYGUSD
The long-term trend has been UP since Dec 17th, 2020 at 0.00014335
The intermediate-term trend has been UP since Feb 8th, 2021 at 0.00014586
The short-term trend has been DOWN since Apr 16th, 2021 at 0.00015656
Smart Scan Analysis for PYGUSD
Based on our trend formula, PYGUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).