Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 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 UP since Jul 24th, 2020 at 0.37529700
The intermediate-term trend has been UP since Dec 16th, 2020 at 0.39637632
The short-term trend has been DOWN since Mar 5th, 2021 at 0.40605710
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).