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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

US Dollar/Gambian Dalasi (FOREX:USDGMD)

Long-Term Downtrend (-90) - USDGMD is in a strong downtrend that is likely to continue. While USDGMD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
51.4 51.4 51.4 51.4 0.0
Entry Signal

MarketClub’s Trade Triangles for USDGMD

long term down The long-term trend has been DOWN since Jan 5th, 2021 at 51.71

intermediate term down The intermediate-term trend has been DOWN since Jan 4th, 2021 at 51.75

short term down The short-term trend has been DOWN since Feb 22nd, 2021 at 51.44

Smart Scan Analysis for USDGMD

Based on our trend formula, USDGMD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for USDGMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
51.4 51.4 51.4 51.4 0.0
Prev. Close Volume Bid Ask Time
51.4 2021-03-08 10:13:18
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