Forex Trend Analysis Report
Prepared for you on Monday, May 20, 2019.
US Dollar/Guatemalan Quetzal (FOREX:USDGTQ)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDGTQ
The long term trend has been DOWN since Jan 9th, 2019 at 7.65965
The intermediate term trend has been UP since May 2nd, 2019 at 7.66655
The short term trend has been UP since May 19th, 2019 at 7.66035
Smart Scan Analysis for USDGTQ
Based on a pre-defined weighted trend formula for chart analysis, USDGTQ scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).