Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
Euro/Guyanese Dollar (FOREX:EURGYD)
Weak Downtrend (-65) - EURGYD is showing signs of a strengthening downtrend. Monitor EURGYD as it may be building momentum to the downside.
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 DOWN since May 14th, 2020 at 225.45
The intermediate-term trend has been UP since May 19th, 2020 at 229.19
The short-term trend has been DOWN since May 25th, 2020 at 228.99
Smart Scan Analysis for EURGYD
Based on our trend formula, EURGYD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).