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Forex Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

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
67.775 67.775 67.775 67.775 0.000
Entry Signal

MarketClub’s Trade Triangles for USDGMD

long term up The long-term trend has been UP since Aug 3rd, 2023 at 60.200

intermediate term up The intermediate-term trend has been UP since May 20th, 2024 at 67.775

short term up The short-term trend has been UP since May 20th, 2024 at 67.775

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
67.775 67.775 67.775 67.775 0.000
Prev. Close Volume Bid Ask Time
67.775 2024-05-29 14:11:14
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