Forex Trend Analysis Report
Prepared for you on Wednesday, September 22, 2021.
Guyanese Dollar/US Dollar (FOREX:GYDUSD)
Bear Market Rally (-75) - GYDUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GYDUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GYDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GYDUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GYDUSD
The long-term trend has been DOWN since Jun 13th, 2021 at 0.00477212
The intermediate-term trend has been DOWN since Sep 15th, 2021 at 0.00478954
The short-term trend has been UP since Sep 21st, 2021 at 0.00478814
Smart Scan Analysis for GYDUSD
Based on our trend formula, GYDUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).