Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
Guyanese Dollar/US Dollar (FOREX:GYDUSD)
Crossroads (-60) - GYDUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Nov 13th, 2023 at 0.00475057
The intermediate-term trend has been UP since Nov 14th, 2023 at 0.00480662
The short-term trend has been UP since Dec 6th, 2023 at 0.00478580
Smart Scan Analysis for GYDUSD
Based on our trend formula, GYDUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).