Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

Guyanese Dollar/US Dollar (FOREX:GYDUSD)

Strong Downtrend (-100) - GYDUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GYDUSD continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid GYDUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for GYDUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GYDUSD
Open High Low GYDUSD Price Change
0.00478636 0.00478636 0.00478636 0.00478636 0.00000000
Entry Signal

MarketClub’s Trade Triangles for GYDUSD

long term down The long-term trend has been DOWN since Apr 30th, 2024 at 0.00476067

intermediate term down The intermediate-term trend has been DOWN since Apr 30th, 2024 at 0.00478426

short term down The short-term trend has been DOWN since May 22nd, 2024 at 0.00478557

Smart Scan Analysis for GYDUSD

Based on our trend formula, GYDUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for GYDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00478636 0.00478636 0.00478636 0.00478636 0.00000000
Prev. Close Volume Bid Ask Time
0.00478636 2024-05-23 07:26:09
Get a free daily analysis and signals for Guyanese Dollar/US Dollar (GYDUSD) - Request Your Free Report.