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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Guyanese Dollar/US Dollar (FOREX:GYDUSD)

Countertrend Down (-85) - GYDUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid GYDUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for GYDUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GYDUSD
Open High Low GYDUSD Price Change
0.00478169 0.00478169 0.00478127 0.00478127 0.00000000
Entry Signal

MarketClub’s Trade Triangles for GYDUSD

long term down The long-term trend has been DOWN since Nov 13th, 2023 at 0.00475057

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2024 at 0.00478049

short term up The short-term trend has been UP since Mar 18th, 2024 at 0.00478191

Smart Scan Analysis for GYDUSD

Based on our trend formula, GYDUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for GYDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00478169 0.00478169 0.00478127 0.00478127 0.00000000
Prev. Close Volume Bid Ask Time
0.00478102 2024-03-28 23:30:00
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