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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.

FOREX_GBPMTL
Open High Low GBPMTL Price Change
0.36576657 0.36611761 0.36555330 0.36611493 +0.00034800
Entry Signal

MarketClub’s Trade Triangles for GBPMTL

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 0.37405206

intermediate term down The intermediate-term trend has been DOWN since May 12th, 2020 at 0.35898929

short term up 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).

-55
Smart Scan Analysis for GBPMTL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.36576657 0.36611761 0.36555330 0.36611493 +0.00034800
Prev. Close Volume Bid Ask Time
0.36576657 0.36525696 0.36697289 2020-06-02 01:41:14
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