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Forex Trend Analysis Report
Prepared for you on Thursday, May 28, 2020.
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.
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MarketClub’s Trade Triangles for MTLGBP
The long-term trend has been UP since Feb 28th, 2020 at 2.6734394
The intermediate-term trend has been UP since May 12th, 2020 at 2.7856138
The short-term trend has been DOWN since May 26th, 2020 at 2.7937178
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.7854162 | 2.7893514 | 2.7686496 | 2.7688465 | -0.0165700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.7854162 | 2.7623579 | 2.7753351 | 2020-05-28 12:31:25 |