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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.

FOREX_GYDEUR
Open High Low GYDEUR Price Change
0.00404554 0.00404554 0.00404554 0.00404554 0.00000000
Entry Signal

MarketClub’s Trade Triangles for GYDEUR

long term down The long-term trend has been DOWN since Jun 24th, 2020 at 0.00427729

intermediate term down The intermediate-term trend has been DOWN since Nov 8th, 2020 at 0.00403736

short term down 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).

-90
Smart Scan Analysis for GYDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00404554 0.00404554 0.00404554 0.00404554 0.00000000
Prev. Close Volume Bid Ask Time
0.00404554 2020-11-19 21:00:54
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