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.
MarketClub’s Trade Triangles for USDGMD
The long-term trend has been UP since May 11th, 2020 at 51.120
The intermediate-term trend has been UP since Apr 9th, 2020 at 50.950
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).