Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
British Pound/Moroccan Dirham (FOREX:GBPMAD)
Countertrend Up (+85) - GBPMAD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Aug 28th, 2023 at 12.799991
The intermediate-term trend has been UP since Oct 29th, 2023 at 12.453563
The short-term trend has been UP since Nov 6th, 2023 at 12.484580
Smart Scan Analysis for GBPMAD
Based on our trend formula, GBPMAD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).