Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
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 Sep 14th, 2021 at 51.250
The intermediate-term trend has been UP since Oct 15th, 2021 at 51.610
The short-term trend has been UP since Oct 15th, 2021 at 51.575
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).