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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.

FOREX_USDGMD
Open High Low USDGMD Price Change
64.9 64.9 64.9 64.9 0.0
Entry Signal

MarketClub’s Trade Triangles for USDGMD

long term up The long-term trend has been UP since Aug 3rd, 2023 at 60.20

intermediate term up The intermediate-term trend has been UP since Sep 18th, 2023 at 60.60

short term up 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).

+80
Smart Scan Analysis for USDGMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
64.9 64.9 64.9 64.9 0.0
Prev. Close Volume Bid Ask Time
64.9 2023-09-27 13:28:23
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