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Forex Trend Analysis Report

Prepared for you on Tuesday, December 10, 2024.

British Pound/Maltese Lira (FOREX:GBPMTL)

Sidelines Mode (-55) - GBPMTL is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid GBPMTL?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMTL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPMTL
Open High Low GBPMTL Price Change
0.37340645 0.37432375 0.37280449 0.37425853 +0.00085200
Entry Signal

MarketClub’s Trade Triangles for GBPMTL

long term down The long-term trend has been DOWN since Nov 14th, 2024 at 0.37107205

intermediate term down The intermediate-term trend has been DOWN since Oct 7th, 2024 at 0.38323996

short term up The short-term trend has been UP since Dec 5th, 2024 at 0.37268475

Smart Scan Analysis for GBPMTL

Based on our trend formula, GBPMTL is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for GBPMTL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.37340645 0.37432375 0.37280449 0.37425853 +0.00085200
Prev. Close Volume Bid Ask Time
0.37340645 2024-12-10 18:42:48
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