Forex Trend Analysis Report
Prepared for you on Tuesday, February 7, 2023.
Euro/Gambian Dalasi (FOREX:EURGMD)
Weak Downtrend (-65) - EURGMD is showing signs of a strengthening downtrend. Monitor EURGMD as it may be building momentum to the downside.
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 Oct 20th, 2022 at 55.978921
The intermediate-term trend has been DOWN since Feb 2nd, 2023 at 66.618334
The short-term trend has been DOWN since Jan 24th, 2023 at 67.207490
Smart Scan Analysis for EURGMD
Based on our trend formula, EURGMD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).