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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
Euro/Gambian Dalasi (FOREX:EURGMD)
Long-Term Downtrend (-90) - EURGMD is in a strong downtrend that is likely to continue. While EURGMD is showing intraday strength, it remains in the confines of a bearish trend. 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.
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MarketClub’s Trade Triangles for EURGMD
The long-term trend has been DOWN since Nov 22nd, 2024 at 74.01600
The intermediate-term trend has been DOWN since Nov 18th, 2024 at 75.02078
The short-term trend has been DOWN since Jan 14th, 2025 at 74.43909
Smart Scan Analysis for EURGMD
Based on our trend formula, EURGMD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 74.58004 | 74.58004 | 74.54975 | 74.54975 | -0.03029 |
| Prev. Close | Volume | Bid | Ask | Time |
| 74.58004 | 2025-01-17 14:10:29 |