Forex Trend Analysis Report
Prepared for you on Monday, November 23, 2020.
Guyanese Dollar/Euro (FOREX:GYDEUR)
Long-Term Downtrend (-90) - GYDEUR is in a strong downtrend that is likely to continue. While GYDEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GYDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GYDEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GYDEUR
The long-term trend has been DOWN since Jun 24th, 2020 at 0.00427729
The intermediate-term trend has been DOWN since Nov 8th, 2020 at 0.00403736
The short-term trend has been DOWN since Nov 8th, 2020 at 0.00408995
Smart Scan Analysis for GYDEUR
Based on our trend formula, GYDEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).