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Forex Trend Analysis Report

Prepared for you on Monday, July 15, 2024.

Guyanese Dollar/US Dollar (FOREX:GYDUSD)

Sidelines Mode (-55) - GYDUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_GYDUSD
Open High Low GYDUSD Price Change
0.00480486 0.00480486 0.00480486 0.00480486 0.00000000
Entry Signal

MarketClub’s Trade Triangles for GYDUSD

long term down The long-term trend has been DOWN since Apr 30th, 2024 at 0.00476067

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2024 at 0.00478358

short term up The short-term trend has been UP since Jul 11th, 2024 at 0.00478989

Smart Scan Analysis for GYDUSD

Based on our trend formula, GYDUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for GYDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00480486 0.00480486 0.00480486 0.00480486 0.00000000
Prev. Close Volume Bid Ask Time
0.00480486 2024-07-14 13:10:50
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