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Forex Trend Analysis Report

Prepared for you on Monday, September 21, 2020.

Maltese Lira/British Pound (FOREX:MTLGBP)

Sidelines Mode (+55) - MTLGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_MTLGBP
Open High Low MTLGBP Price Change
2.6348977 2.6367823 2.6336565 2.6367823 +0.0018850
Entry Signal

MarketClub’s Trade Triangles for MTLGBP

long term down The long-term trend has been DOWN since Jul 24th, 2020 at 2.6645710

intermediate term up The intermediate-term trend has been UP since Sep 8th, 2020 at 2.6153776

short term down The short-term trend has been DOWN since Sep 16th, 2020 at 2.6414169

Smart Scan Analysis for MTLGBP

Based on our trend formula, MTLGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for MTLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6348977 2.6367823 2.6336565 2.6367823 +0.0018850
Prev. Close Volume Bid Ask Time
2.6348977 2.6306032 2.6429614 2020-09-21 02:17:07
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