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Forex Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
Euro/Guyanese Dollar (FOREX:EURGYD)
Sidelines Mode (-55) - EURGYD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for EURGYD
The long-term trend has been DOWN since Apr 14th, 2024 at 224.67
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 226.34
The short-term trend has been UP since May 3rd, 2024 at 224.57
Smart Scan Analysis for EURGYD
Based on our trend formula, EURGYD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 224.76 | 224.76 | 224.76 | 224.76 | 0.00 |
| Prev. Close | Volume | Bid | Ask | Time |
| 224.76 | 2024-05-03 07:26:23 |