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.
MarketClub’s Trade Triangles for USDGMD
The long-term trend has been DOWN since Jan 5th, 2021 at 51.71
The intermediate-term trend has been DOWN since Jan 4th, 2021 at 51.75
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).