Forex Trend Analysis Report
Prepared for you on Thursday, December 2, 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.
MarketClub’s Trade Triangles for EURGMD
The long-term trend has been DOWN since Jul 20th, 2021 at 60.213688
The intermediate-term trend has been DOWN since Nov 4th, 2021 at 60.174262
The short-term trend has been UP since Dec 1st, 2021 at 59.186636
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).