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Forex Trend Analysis Report

Prepared for you on Friday, May 24, 2024.

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
2.6905209 2.6922668 2.6775349 2.6779282 -0.0125930
Entry Signal

MarketClub’s Trade Triangles for MTLGBP

long term up The long-term trend has been UP since Apr 11th, 2024 at 2.7267655

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 2.7042639

short term up The short-term trend has been UP since May 23rd, 2024 at 2.6897377

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
2.6905209 2.6922668 2.6775349 2.6779282 -0.0125930
Prev. Close Volume Bid Ask Time
2.6905209 2024-05-24 12:35:42
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