Forex Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
Euro/Guyanese Dollar (FOREX:EURGYD)
Sidelines Mode (+50) - EURGYD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURGYD can gain momentum.
Is it time to buy, sell, or avoid EURGYD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURGYD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURGYD
The long-term trend has been DOWN since May 14th, 2020 at 225.45
The intermediate-term trend has been UP since May 19th, 2020 at 229.19
The short-term trend has been UP since Jun 1st, 2020 at 229.95
Smart Scan Analysis for EURGYD
Based on our trend formula, EURGYD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).