Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
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 Jul 19th, 2021 at 0.40038134
The intermediate-term trend has been UP since Oct 15th, 2021 at 0.40286225
The short-term trend has been DOWN since Oct 22nd, 2021 at 0.40258463
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).