Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
British Pound/Guyanese Dollar (FOREX:GBPGYD)
Countertrend Down (-85) - GBPGYD 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 GBPGYD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPGYD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPGYD
The long-term trend has been DOWN since Mar 31st, 2020 at 268.11812
The intermediate-term trend has been DOWN since May 11th, 2020 at 259.40825
The short-term trend has been UP since May 19th, 2020 at 254.90684
Smart Scan Analysis for GBPGYD
Based on our trend formula, GBPGYD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).