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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Moroccan Dirham (FOREX:GBPMAD)
Strong Downtrend (-100) - GBPMAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPMAD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPMAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMAD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPMAD
The long-term trend has been DOWN since Apr 12th, 2024 at 12.535101
The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 12.736971
The short-term trend has been DOWN since May 1st, 2024 at 12.637686
Smart Scan Analysis for GBPMAD
Based on our trend formula, GBPMAD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 12.553567 | 12.553567 | 12.553567 | 12.553567 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 12.527525 | 2024-05-07 21:05:08 |