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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
British Pound/Moroccan Dirham (FOREX:GBPMAD)
Long-Term Downtrend (-90) - GBPMAD is in a strong downtrend that is likely to continue. While GBPMAD is showing intraday strength, it remains in the confines of a bearish trend. 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 Mar 18th, 2024 at 12.827571
Smart Scan Analysis for GBPMAD
Based on our trend formula, GBPMAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 12.628411 | 12.628411 | 12.628411 | 12.628411 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 12.659905 | 2024-04-24 21:01:01 |