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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.

FOREX_EURGMD
Open High Low EURGMD Price Change
72.65497 72.65497 72.65497 72.65497 0.00000
Entry Signal

MarketClub’s Trade Triangles for EURGMD

long term up The long-term trend has been UP since Sep 25th, 2023 at 67.021796

intermediate term down The intermediate-term trend has been DOWN since Dec 5th, 2023 at 72.683470

short term down 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).

-60
Smart Scan Analysis for EURGMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
72.65497 72.65497 72.65497 72.65497 0.00000
Prev. Close Volume Bid Ask Time
72.65497 2023-12-05 12:54:08
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