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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Gambian Dalasi (FOREX:EURGMD)
Crossroads (-60) - EURGMD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EURGMD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURGMD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for EURGMD
The long-term trend has been DOWN since Apr 15th, 2024 at 72.41666
The intermediate-term trend has been UP since May 6th, 2024 at 72.94301
The short-term trend has been UP since May 3rd, 2024 at 72.64745
Smart Scan Analysis for EURGMD
Based on our trend formula, EURGMD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 72.85416 | 72.85416 | 72.80667 | 72.80667 | -0.04749 |
| Prev. Close | Volume | Bid | Ask | Time |
| 72.85416 | 2024-05-08 14:00:24 |