Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
British Pound/Maltese Lira (FOREX:GBPMTL)
Bear Market Rally (-75) - GBPMTL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPMTL as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GBPMTL?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMTL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPMTL
The long-term trend has been DOWN since Sep 20th, 2023 at 0.36234113
The intermediate-term trend has been UP since Nov 3rd, 2023 at 0.36136309
The short-term trend has been DOWN since Dec 4th, 2023 at 0.36942679
Smart Scan Analysis for GBPMTL
Based on our trend formula, GBPMTL is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).