Forex Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
Guyanese Dollar/British Pound (FOREX:GYDGBP)
Bear Market Rally (-75) - GYDGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GYDGBP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GYDGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for GYDGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GYDGBP
The long-term trend has been DOWN since Dec 3rd, 2023 at 0.00376742
The intermediate-term trend has been DOWN since Nov 6th, 2023 at 0.00392001
The short-term trend has been UP since Dec 5th, 2023 at 0.00377641
Smart Scan Analysis for GYDGBP
Based on our trend formula, GYDGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).