Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
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.
MarketClub’s Trade Triangles for GBPMTL
The long-term trend has been DOWN since Feb 28th, 2020 at 0.37405206
The intermediate-term trend has been DOWN since May 12th, 2020 at 0.35898929
The short-term trend has been UP since May 26th, 2020 at 0.35804200
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).