Forex Trend Analysis Report
Prepared for you on Tuesday, January 18, 2022.
US Dollar/Guatemalan Quetzal (FOREX:USDGTQ)
Long-Term Downtrend (-90) - USDGTQ is in a strong downtrend that is likely to continue. While USDGTQ is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDGTQ?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDGTQ.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDGTQ
The long-term trend has been DOWN since Dec 12th, 2021 at 7.720228
The intermediate-term trend has been DOWN since Dec 12th, 2021 at 7.731214
The short-term trend has been DOWN since Jan 4th, 2022 at 7.716676
Smart Scan Analysis for USDGTQ
Based on our trend formula, USDGTQ is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).