Forex Trend Analysis Report
Prepared for you on Tuesday, October 15, 2019.
US Dollar/Paraguayan Guarani (FOREX:USDPYG)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
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 USDPYG
The long term trend has been UP since Sep 1st, 2019 at 6285.70
The intermediate term trend has been UP since Aug 7th, 2019 at 6032.55
The short term trend has been DOWN since Sep 25th, 2019 at 6381.60
Smart Scan Analysis for USDPYG
Based on a pre-defined weighted trend formula for chart analysis, USDPYG scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).