Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
US Dollar/Guyanese Dollar (FOREX:USDGYD)
Bear Market Rally (-75) - USDGYD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDGYD as it may be in the beginning of a reversal.
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 DOWN since Apr 13th, 2020 at 207.86681
The intermediate-term trend has been DOWN since May 14th, 2020 at 208.90793
The short-term trend has been UP since May 19th, 2020 at 209.09385
Smart Scan Analysis for USDGYD
Based on our trend formula, USDGYD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).