Forex Trend Analysis Report
Prepared for you on Tuesday, February 7, 2023.
British Pound/Moroccan Dirham (FOREX:GBPMAD)
Sidelines Mode (+55) - GBPMAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for GBPMAD
The long-term trend has been UP since Oct 27th, 2022 at 12.598223
The intermediate-term trend has been UP since Jan 29th, 2023 at 12.557433
The short-term trend has been DOWN since Jan 31st, 2023 at 12.557433
Smart Scan Analysis for GBPMAD
Based on our trend formula, GBPMAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).