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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Moroccan Dirham/British Pound (FOREX:MADGBP)
Strong Uptrend (+100) - MADGBP is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MADGBP continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid MADGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MADGBP.
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 MADGBP
The long-term trend has been UP since Apr 12th, 2024 at 0.07985450
The intermediate-term trend has been UP since Apr 2nd, 2024 at 0.07858823
The short-term trend has been UP since May 1st, 2024 at 0.07920638
Smart Scan Analysis for MADGBP
Based on our trend formula, MADGBP is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.07973769 | 0.07973769 | 0.07973769 | 0.07973769 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.07990378 | 2024-05-07 21:05:08 |