Forex Trend Analysis Report
Prepared for you on Wednesday, June 29, 2022.
US Dollar/Guyanese Dollar (FOREX:USDGYD)
Sidelines Mode (+50) - USDGYD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDGYD can gain momentum.
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 May 3rd, 2022 at 208.92469
The intermediate-term trend has been UP since Jun 28th, 2022 at 209.29747
The short-term trend has been UP since Jun 28th, 2022 at 209.29747
Smart Scan Analysis for USDGYD
Based on our trend formula, USDGYD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).