Forex Trend Analysis Report
Prepared for you on Thursday, March 28, 2024.
US Dollar/Gambian Dalasi (FOREX:USDGMD)
Sidelines Mode (+55) - USDGMD 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 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.
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MarketClub’s Trade Triangles for USDGMD
The long-term trend has been UP since Aug 3rd, 2023 at 60.200
The intermediate-term trend has been UP since Jan 23rd, 2024 at 67.275
The short-term trend has been DOWN since Mar 8th, 2024 at 67.950
Smart Scan Analysis for USDGMD
Based on our trend formula, USDGMD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
67.925 | 67.925 | 67.925 | 67.925 | 0.000 |
Prev. Close | Volume | Bid | Ask | Time |
67.925 | 2024-03-28 11:03:51 |