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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.

FOREX_GBPMTL
Open High Low GBPMTL Price Change
0.36880286 0.36898189 0.36633134 0.36755338 -0.00124900
Entry Signal

MarketClub’s Trade Triangles for GBPMTL

long term down The long-term trend has been DOWN since Sep 20th, 2023 at 0.36234113

intermediate term up The intermediate-term trend has been UP since Nov 3rd, 2023 at 0.36136309

short term down 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).

-75
Smart Scan Analysis for GBPMTL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.36880286 0.36898189 0.36633134 0.36755338 -0.00124900
Prev. Close Volume Bid Ask Time
0.36880286 2023-12-08 10:23:11
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