Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
US Dollar/Guyanese Dollar (FOREX:USDGYD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDGYD
The long term trend has been DOWN since Dec 29th, 2019 at 207.70000
The intermediate term trend has been DOWN since Dec 24th, 2019 at 208.58308
The short term trend has been DOWN since Jan 12th, 2020 at 208.99207
Smart Scan Analysis for USDGYD
Based on a pre-defined weighted trend formula for chart analysis, USDGYD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).