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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

British Pound/Moroccan Dirham (FOREX:GBPMAD)

Bull Market Weakness (+75) - GBPMAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPMAD as it may be in the beginning stages of a reversal.

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.

FOREX_GBPMAD
Open High Low GBPMAD Price Change
12.463543 12.463543 12.463543 12.463543 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPMAD

long term up The long-term trend has been UP since Oct 23rd, 2021 at 12.448758

intermediate term up The intermediate-term trend has been UP since Oct 12th, 2021 at 12.345384

short term up The short-term trend has been UP since Oct 12th, 2021 at 12.318425

Smart Scan Analysis for GBPMAD

Based on our trend formula, GBPMAD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for GBPMAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.463543 12.463543 12.463543 12.463543 0.000000
Prev. Close Volume Bid Ask Time
12.463543 2021-10-23 18:50:31
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