Forex Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
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.
MarketClub’s Trade Triangles for USDGMD
The long-term trend has been UP since Aug 3rd, 2023 at 60.20
The intermediate-term trend has been UP since Sep 18th, 2023 at 60.60
The short-term trend has been UP since Sep 18th, 2023 at 60.55
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).