Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
British Pound/Guyanese Dollar (FOREX:GBPGYD)
Bear Market Rally (-75) - GBPGYD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPGYD as it may be in the beginning of a reversal.
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 DOWN since Aug 10th, 2022 at 253.34979
The short-term trend has been UP since Jul 29th, 2022 at 253.34979
Smart Scan Analysis for GBPGYD
Based on our trend formula, GBPGYD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).