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Forex Trend Analysis Report

Prepared for you on Saturday, August 8, 2020.

US Dollar/Gambian Dalasi (FOREX:USDGMD)

Long-Term Uptrend (+90) - USDGMD is in a strong uptrend that is likely to continue. While USDGMD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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

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

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

FOREX_USDGMD
Open High Low USDGMD Price Change
51.85 51.85 51.85 51.85 0.00
Entry Signal

MarketClub’s Trade Triangles for USDGMD

long term up The long-term trend has been UP since May 11th, 2020 at 51.120

intermediate term up The intermediate-term trend has been UP since Apr 9th, 2020 at 50.950

short term up The short-term trend has been UP since Aug 7th, 2020 at 51.805

Smart Scan Analysis for USDGMD

Based on our trend formula, USDGMD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for USDGMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
51.85 51.85 51.85 51.85 0.00
Prev. Close Volume Bid Ask Time
51.85 51.60 52.10 2020-08-07 10:38:08
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