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Forex Trend Analysis Report

Prepared for you on Saturday, December 7, 2019.

US Dollar/Gambian Dalasi (FOREX:USDGMD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_USDGMD
Open High Low USDGMD Price Change
51.335 51.370 51.335 51.370 +0.035
Entry Signal

MarketClub’s Trade Triangles for USDGMD

long term up The long term trend has been UP since Jun 12th, 2019 at 49.765

intermediate term up The intermediate term trend has been UP since Dec 5th, 2019 at 51.310

short term up The short term trend has been UP since Dec 3rd, 2019 at 51.300

Smart Scan Analysis for USDGMD

Based on a pre-defined weighted trend formula for chart analysis, USDGMD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+80
Smart Scan Analysis for USDGMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
51.335 51.370 51.335 51.370 +0.035
Prev. Close Volume Bid Ask Time
51.335 51.070 51.670 2019-12-06 10:42:09
Want to analyze US Dollar/Gambian Dalasi USDGMD or another symbol? Try our Free Forex Trend Analysis Report.