Forex Trend Analysis Report
Prepared for you on Monday, November 23, 2020.
Euro/Gambian Dalasi (FOREX:EURGMD)
Strong Uptrend (+100) - EURGMD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, EURGMD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for EURGMD
The long-term trend has been UP since Nov 9th, 2020 at 61.455071
The intermediate-term trend has been UP since Nov 9th, 2020 at 61.331011
The short-term trend has been UP since Nov 16th, 2020 at 61.222837
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).