Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
Guyanese Dollar/US Dollar (FOREX:GYDUSD)
Bear Market Rally (-75) - GYDUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GYDUSD as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for GYDUSD
The long-term trend has been DOWN since Dec 21st, 2020 at 0.00476461
The intermediate-term trend has been DOWN since Feb 16th, 2021 at 0.00477933
The short-term trend has been UP since Feb 22nd, 2021 at 0.00479586
Smart Scan Analysis for GYDUSD
Based on our trend formula, GYDUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).