Forex Trend Analysis Report
Prepared for you on Tuesday, November 30, 2021.
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.
MarketClub’s Trade Triangles for USDGEL
The long-term trend has been UP since Nov 2nd, 2021 at 3.145
The intermediate-term trend has been DOWN since Nov 17th, 2021 at 3.140
The short-term trend has been DOWN since Nov 12th, 2021 at 3.150
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).