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Forex Trend Analysis Report

Prepared for you on Saturday, June 15, 2024.

Euro/Gambian Dalasi (FOREX:EURGMD)

Strong Downtrend (-100) - EURGMD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURGMD continues to fall. Traders should use caution and set stops.

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.

FOREX_EURGMD
Open High Low EURGMD Price Change
72.50834 72.50834 72.50834 72.50834 0.00000
Entry Signal

MarketClub’s Trade Triangles for EURGMD

long term down The long-term trend has been DOWN since Apr 15th, 2024 at 72.41666

intermediate term down The intermediate-term trend has been DOWN since Jun 11th, 2024 at 73.24335

short term down The short-term trend has been DOWN since Jun 11th, 2024 at 73.61567

Smart Scan Analysis for EURGMD

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

-100
Smart Scan Analysis for EURGMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
72.50834 72.50834 72.50834 72.50834 0.00000
Prev. Close Volume Bid Ask Time
72.50834 2024-06-14 11:53:03
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