Forex Trend Analysis Report
Prepared for you on Wednesday, September 18, 2019.
US Dollar/Guyanese Dollar (FOREX:USDGYD)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDGYD
The long term trend has been DOWN since Jun 23rd, 2019 at 207.445
The intermediate term trend has been DOWN since Sep 12th, 2019 at 208.695
The short term trend has been DOWN since Sep 5th, 2019 at 209.225
Smart Scan Analysis for USDGYD
Based on a pre-defined weighted trend formula for chart analysis, USDGYD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).