Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
Euro/Guyanese Dollar (FOREX:EURGYD)
Bull Market Weakness (+75) - EURGYD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURGYD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid EURGYD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURGYD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURGYD
The long-term trend has been UP since Jul 21st, 2020 at 238.50
The intermediate-term trend has been UP since Feb 16th, 2021 at 253.72
The short-term trend has been UP since Feb 8th, 2021 at 250.95
Smart Scan Analysis for EURGYD
Based on our trend formula, EURGYD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).