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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Maltese Lira/British Pound (FOREX:MTLGBP)

Sidelines Mode (+55) - MTLGBP 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 MTLGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for MTLGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MTLGBP
Open High Low MTLGBP Price Change
2.4748431 2.4847624 2.4717258 2.4817528 +0.0069100
Entry Signal

MarketClub’s Trade Triangles for MTLGBP

long term up The long-term trend has been UP since Jul 19th, 2021 at 2.4976326

intermediate term down The intermediate-term trend has been DOWN since Oct 15th, 2021 at 2.4822517

short term up The short-term trend has been UP since Oct 22nd, 2021 at 2.4839634

Smart Scan Analysis for MTLGBP

Based on our trend formula, MTLGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MTLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.4748431 2.4847624 2.4717258 2.4817528 +0.0069100
Prev. Close Volume Bid Ask Time
2.4748431 2021-10-22 19:05:24
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