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.
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 Aug 19th, 2020 at 0.00476873
The intermediate-term trend has been DOWN since Nov 23rd, 2020 at 0.00478409
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).