Forex Trend Analysis Report
Prepared for you on Wednesday, December 6, 2023.
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.
MarketClub’s Trade Triangles for EURGMD
The long-term trend has been UP since Sep 25th, 2023 at 67.021796
The intermediate-term trend has been DOWN since Dec 5th, 2023 at 72.683470
The short-term trend has been DOWN since Dec 5th, 2023 at 73.565980
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).