Forex Trend Analysis Report
Prepared for you on Tuesday, May 11, 2021.
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 Jul 29th, 2020 at 0.00373766
The intermediate-term trend has been UP since Mar 7th, 2021 at 0.00345281
The short-term trend has been DOWN since Apr 18th, 2021 at 0.00347067
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).