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Forex Trend Analysis Report

Prepared for you on Friday, November 27, 2020.

Guyanese Dollar/US Dollar (FOREX:GYDUSD)

Long-Term Downtrend (-90) - GYDUSD is in a strong downtrend that is likely to continue. While GYDUSD 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 GYDUSD?

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

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FOREX_GYDUSD
Open High Low GYDUSD Price Change
0.00478556 0.00478556 0.00478556 0.00478556 0.00000000
Entry Signal

MarketClub’s Trade Triangles for GYDUSD

long term down The long-term trend has been DOWN since Aug 19th, 2020 at 0.00476873

intermediate term down The intermediate-term trend has been DOWN since Nov 23rd, 2020 at 0.00478409

short term down The short-term trend has been DOWN since Nov 23rd, 2020 at 0.00478409

Smart Scan Analysis for GYDUSD

Based on our trend formula, GYDUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for GYDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00478556 0.00478556 0.00478556 0.00478556 0.00000000
Prev. Close Volume Bid Ask Time
0.00478851 2020-11-25 07:20:50
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