Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
US Dollar/Guyanese Dollar (FOREX:USDGYD)
Countertrend Up (+85) - USDGYD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid USDGYD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDGYD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDGYD
The long-term trend has been UP since Jun 13th, 2021 at 209.89202
The intermediate-term trend has been UP since Sep 15th, 2021 at 209.12888
The short-term trend has been UP since Oct 4th, 2021 at 209.05496
Smart Scan Analysis for USDGYD
Based on our trend formula, USDGYD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).