Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
British Pound/Guyanese Dollar (FOREX:GBPGYD)
Sidelines Mode (+50) - GBPGYD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPGYD can gain momentum.
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 Jul 19th, 2021 at 287.83378
The intermediate-term trend has been UP since Oct 25th, 2021 at 284.09071
The short-term trend has been UP since Oct 4th, 2021 at 283.17353
Smart Scan Analysis for GBPGYD
Based on our trend formula, GBPGYD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).