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Forex Trend Analysis Report

Prepared for you on Friday, October 4, 2024.

Maltese Lira/British Pound (FOREX:MTLGBP)

Weak Downtrend (-65) - MTLGBP is showing signs of a strengthening downtrend. Monitor MTLGBP as it may be building momentum to the downside.

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
2.6002091 2.6013358 2.5938377 2.5955824 -0.0046270
Entry Signal

MarketClub’s Trade Triangles for MTLGBP

long term down The long-term trend has been DOWN since Jul 10th, 2024 at 2.6545148

intermediate term down The intermediate-term trend has been DOWN since Aug 16th, 2024 at 2.6376843

short term up The short-term trend has been UP since Oct 1st, 2024 at 2.5561411

Smart Scan Analysis for MTLGBP

Based on our trend formula, MTLGBP is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for MTLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6002091 2.6013358 2.5938377 2.5955824 -0.0046270
Prev. Close Volume Bid Ask Time
2.6002091 2024-10-04 04:23:05
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