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.
MarketClub’s Trade Triangles for GBPMAD
The long-term trend has been UP since Oct 23rd, 2021 at 12.448758
The intermediate-term trend has been UP since Oct 12th, 2021 at 12.345384
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).