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.
MarketClub’s Trade Triangles for MTLGBP
The long-term trend has been DOWN since Jul 24th, 2020 at 2.6645710
The intermediate-term trend has been UP since Sep 8th, 2020 at 2.6153776
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).