Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2023.
British Pound/Maltese Lira (FOREX:GBPMTL)
Strong Downtrend (-100) - GBPMTL is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPMTL continues to fall. Traders should use caution and set stops.
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.
MarketClub’s Trade Triangles for GBPMTL
The long-term trend has been DOWN since Sep 20th, 2023 at 0.36234113
The intermediate-term trend has been DOWN since Aug 1st, 2023 at 0.37393903
The short-term trend has been DOWN since Sep 12th, 2023 at 0.36465020
Smart Scan Analysis for GBPMTL
Based on our trend formula, GBPMTL is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).