Forex Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
British Pound/Guyanese Dollar (FOREX:GBPGYD)
Long-Term Downtrend (-90) - GBPGYD is in a strong downtrend that is likely to continue. While GBPGYD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPGYD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPGYD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPGYD
The long-term trend has been DOWN since Jul 19th, 2021 at 287.83378
The intermediate-term trend has been DOWN since Jun 17th, 2022 at 261.61633
The short-term trend has been DOWN since Jun 17th, 2022 at 261.61633
Smart Scan Analysis for GBPGYD
Based on our trend formula, GBPGYD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).