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Forex Trend Analysis Report

Prepared for you on Sunday, June 23, 2024.

US Dollar/Gambian Dalasi (FOREX:USDGMD)

Bull Market Weakness (+75) - USDGMD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDGMD as it may be in the beginning stages of a reversal.

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
67.775 67.775 67.750 67.750 -0.025
Entry Signal

MarketClub’s Trade Triangles for USDGMD

long term up The long-term trend has been UP since Aug 3rd, 2023 at 60.200

intermediate term up The intermediate-term trend has been UP since May 20th, 2024 at 67.775

short term up The short-term trend has been UP since Jun 21st, 2024 at 67.750

Smart Scan Analysis for USDGMD

Based on our trend formula, USDGMD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for USDGMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
67.775 67.775 67.750 67.750 -0.025
Prev. Close Volume Bid Ask Time
67.775 2024-06-21 16:19:52
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