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Forex Trend Analysis Report

Prepared for you on Saturday, October 19, 2019.

US Dollar/Gambian Dalasi (FOREX:USDGMD)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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
50.75 50.75 50.75 50.75 0.00
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 Oct 16th, 2019 at 50.395

short term up The short term trend has been UP since Oct 16th, 2019 at 50.205

Smart Scan Analysis for USDGMD

Based on a pre-defined weighted trend formula for chart analysis, USDGMD scored +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
50.75 50.75 50.75 50.75 0.00
Prev. Close Volume Bid Ask Time
50.75 50.50 51.00 2019-10-16 21:22:25
Want to analyze US Dollar/Gambian Dalasi USDGMD or another symbol? Try our Free Forex Trend Analysis Report.