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Forex Trend Analysis Report

Prepared for you on Wednesday, April 21, 2021.

Euro/Gambian Dalasi (FOREX:EURGMD)

Bear Market Rally (-75) - EURGMD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURGMD as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid EURGMD?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURGMD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURGMD
Open High Low EURGMD Price Change
61.511614 61.511614 61.499579 61.499579 -0.012035
Entry Signal

MarketClub’s Trade Triangles for EURGMD

long term down The long-term trend has been DOWN since Mar 5th, 2021 at 61.892072

intermediate term down The intermediate-term trend has been DOWN since Jan 11th, 2021 at 63.010963

short term up The short-term trend has been UP since Apr 12th, 2021 at 60.213688

Smart Scan Analysis for EURGMD

Based on our trend formula, EURGMD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for EURGMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
61.511614 61.511614 61.499579 61.499579 -0.012035
Prev. Close Volume Bid Ask Time
61.511614 2021-04-20 17:24:23
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