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Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

US Dollar/ (FOREX:USDGEL)

Weak Downtrend (-65) - USDGEL is showing signs of a strengthening downtrend. Monitor USDGEL as it may be building momentum to the downside.

Is it time to buy, sell, or avoid USDGEL?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDGEL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDGEL
Open High Low USDGEL Price Change
2.66 2.66 2.66 2.66 0.00
Entry Signal

MarketClub’s Trade Triangles for USDGEL

long term up The long-term trend has been UP since Mar 19th, 2024 at 2.695

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 2.675

short term down The short-term trend has been DOWN since Mar 28th, 2024 at 2.705

Smart Scan Analysis for USDGEL

Based on our trend formula, USDGEL is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDGEL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.66 2.66 2.66 2.66 0.00
Prev. Close Volume Bid Ask Time
2.66 2024-04-18 11:38:54
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