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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
US Dollar/ (FOREX:USDGEL)
Crossroads (-60) - USDGEL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for USDGEL
The long-term trend has been UP since Mar 19th, 2024 at 2.695
The intermediate-term trend has been DOWN since Jun 20th, 2024 at 2.780
The short-term trend has been DOWN since Jun 18th, 2024 at 2.860
Smart Scan Analysis for USDGEL
Based on our trend formula, USDGEL is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.725 | 2.725 | 2.715 | 2.715 | -0.010 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.725 | 2024-07-25 12:05:15 |