Forex Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
Euro/Gambian Dalasi (FOREX:EURGMD)
Sidelines Mode (+50) - EURGMD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURGMD can gain momentum.
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.
MarketClub’s Trade Triangles for EURGMD
The long-term trend has been DOWN since Mar 2nd, 2023 at 64.658596
The intermediate-term trend has been UP since Mar 14th, 2023 at 64.866816
The short-term trend has been UP since Mar 14th, 2023 at 64.866816
Smart Scan Analysis for EURGMD
Based on our trend formula, EURGMD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).