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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

US Dollar/Gambian Dalasi (FOREX:USDGMD)

Countertrend Up (+85) - USDGMD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid USDGMD?

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

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

FOREX_USDGMD
Open High Low USDGMD Price Change
54.25 54.30 54.25 54.30 +0.05
Entry Signal

MarketClub’s Trade Triangles for USDGMD

long term up The long-term trend has been UP since Sep 14th, 2021 at 51.250

intermediate term up The intermediate-term trend has been UP since Aug 1st, 2022 at 54.090

short term up The short-term trend has been UP since Aug 15th, 2022 at 54.175

Smart Scan Analysis for USDGMD

Based on our trend formula, USDGMD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for USDGMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
54.25 54.30 54.25 54.30 +0.05
Prev. Close Volume Bid Ask Time
54.25 2022-08-19 13:25:38
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