Forex Trend Analysis Report
Prepared for you on Friday, February 21, 2020.
US Dollar/Paraguayan Guarani (FOREX:USDPYG)
Bull Market Weakness (+75) - USDPYG is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDPYG as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDPYG?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDPYG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDPYG
The long-term trend has been UP since Sep 1st, 2019 at 6285.7000
The intermediate-term trend has been UP since Feb 13th, 2020 at 6540.6603
The short-term trend has been DOWN since Feb 19th, 2020 at 6531.0266
Smart Scan Analysis for USDPYG
Based on our trend formula, USDPYG is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).