Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
US Dollar/Gambian Dalasi (FOREX:USDGMD)
Sidelines Mode (-55) - USDGMD 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
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.
MarketClub’s Trade Triangles for USDGMD
The long-term trend has been UP since Jun 12th, 2019 at 49.765
The intermediate-term trend has been DOWN since Jan 31st, 2020 at 51.100
The short-term trend has been UP since Feb 11th, 2020 at 51.105
Smart Scan Analysis for USDGMD
Based on our trend formula, USDGMD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).