Forex Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
Guyanese Dollar/ (FOREX:GYDSRD)
Bear Market Rally (-75) - GYDSRD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GYDSRD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GYDSRD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GYDSRD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GYDSRD
The long-term trend has been DOWN since Apr 28th, 2020 at 3.5225
The intermediate-term trend has been DOWN since May 25th, 2020 at 3.5255
The short-term trend has been UP since May 27th, 2020 at 3.5255
Smart Scan Analysis for GYDSRD
Based on our trend formula, GYDSRD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).