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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Gambian Dalasi (FOREX:USDGMD)
Crossroads (-60) - USDGMD 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 USDGMD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDGMD.
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 USDGMD
The long-term trend has been UP since Aug 3rd, 2023 at 60.200
The intermediate-term trend has been DOWN since Apr 30th, 2024 at 67.825
The short-term trend has been DOWN since Apr 22nd, 2024 at 67.925
Smart Scan Analysis for USDGMD
Based on our trend formula, USDGMD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 67.750 | 67.775 | 67.750 | 67.775 | +0.025 |
| Prev. Close | Volume | Bid | Ask | Time |
| 67.750 | 2024-05-08 14:00:24 |